Festive Demand Lifts Bank Credit Growth to 19.5% in October
India’s banking system saw credit growth accelerate to 19.5% in October, up from 18.2% a fortnight earlier and slightly above the 19.4% pace recorded through September. The rise points to sustained borrowing momentum during the festive season, with outstanding bank credit reaching Rs 231.8 lakh crore at the end of October. The data suggests resilient demand across retail and business segments even as lenders navigate a high-growth environment.
