# India's banking sector closed the financial year 2025–26 on a strong note.

*fintech · news · 2026-05-05 · Devdiscourse*

## Key points

- India's non-food credit growth surged to 15.9% in FY26, up from 10.9% last year.
- Micro and small enterprises credit grew by 33.1%, nearly 3.7 times higher than last year.
- Services sector led credit expansion at 19% growth, with NBFCs and real estate as key drivers.
- Total outstanding bank credit reached a record ₹212.9 lakh crore as of March 2026.
- Personal loans accounted for 33% of total credit, growing by 16.2% in FY26.

**Companies:** Non-Banking Financial Companies (NBFCs)
**Countries:** India

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/law-order/3897676-indias-bank-credit-surges-to-2129-lakh-crore-in-fy26-registers-sharp-159-growth)

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