Bank lending trends: Credit growth to industry slows to 7.3% in September; personal loans, NBFC funding also lose pace

Bank credit to industry slowed in September 2025. Non-food bank credit also saw a lower year-on-year increase. Lending to micro and small industries remained strong. Credit to agriculture and allied activities expanded, but at a slower pace. Services sector credit grew, driven by tourism and real estate. NBFC and personal loan growth moderated.