Non-food credit growth of the Banking system declined to 12.5% year-on-year in January 2025

Non-food credit growth of the Banking system declined to 12.5% year-on-year in January 2025.
The banking system’s non-food credit growth stood at 16.2% in the same period of 2024.
In January 2025, non-food credit growth was a three-month high, as per the RBI.
The services sector’s credit growth declined to 13.8% year-on-year. This decreased from 21.0% in last year.
Credit growth to the computer software sector grew in January 2025.
Personal loan growth declined to 14.2% year-on-year.
The slow growth in vehicle loans and credit card outstanding segments led to this decline in growth.
Credit to agriculture and allied activities increased by 12.2% year-on-year.
Credit to the industry has shown 8.2% growth on a year-on-year basis.