Data to 5 October 2026
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Is money cheap?

Bank lending to individuals, growth

16.2%
year on year, Mar 2026

Inside its usual range of 14.1% to 18.2%. The record is 20.7%, in March 2023. Up from 14.0% a year ago.

202220248.0%10.0%12.0%14.0%18.0%20.0%22.0%20.7%, Mar 2023usual range, 14.1% to 18.2%16.2%2022202420268.0%10.0%12.0%14.0%16.0%18.0%20.0%22.0%20.7%, Mar 2023usual range, 14.1% to 18.2%16.2%2021202220232024202520268.0%10.0%12.0%14.0%16.0%18.0%20.0%22.0%20.7%, Mar 20238.7%, Oct 2020usual range, 14.1% to 18.2%16.2%2021202220232024202520268.0%10.0%12.0%14.0%16.0%18.0%20.0%22.0%20.7%, Mar 2023usual range, 14.1% to 18.2%16.2%

What it is. Bank loans to individuals (homes, vehicles, cards, gold and other personal loans) against a year earlier.

How to read it. The household side of bank credit, read next to lending to industry and services on the RBI page. The growth rate uses RBI's merger-adjusted series, so the July 2023 HDFC merger does not show as a jump.

Source: Reserve Bank of India, Sectoral Deployment of Bank Credit Method Data

The numbers

Latest16.2%Mar 2026
A week ago15.2%
A month ago15.2%
A year ago14.0%
Usual range14.1% to 18.2%
Median15.3%
Lowest8.7%23 Oct 2020
Highest20.7%24 Mar 2023
Percentile, full history58
Percentile, last 5 years51

The usual range is the middle half of readings since 2020. A percentile is the share of the 67 readings since 27 Mar 2020 that were below today's. Data: statistics, history (JSON); history as CSV.

To cite: tipsheet, “Bank lending to individuals, growth”, data to Mar 2026, https://tipsheet.markets/i/personal-credit-growth/

Read it with

Money supply (M3) growth 16.6%above usual
Banks' average rate on new loans 8.61%usual
RBI repo rate 5.25%below usual
Real repo rate 0.43%usual

the usual range: the middle half of all readingstodayEach line runs from the lowest reading ever to the highest.