# Bank credit growth hits 17%, broadest in over a decade 2026-08-10T08:02:21+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Bank credit growth hit 17% by mid-July 2026, a rate not seen in two years, driven by lower lending rates, supportive tax policies and improved liquidity. Unlike the 2022-23 surge fuelled by unsecured personal loans, this uptick is broad-based across agriculture, industry, services and retail sectors. Credit to large industries has jumped to double-digit growth for the first time in over a decade, and fresh investment announcements rose 31.9% to Rs 58 lakh crore in 2025-26, with 82% being mega projects of Rs 1,000 crore or more. The quality of retail credit has also improved, with the share of credit card debt declining after RBI's macroprudential norms. Housing, vehicle and education loans remain stable, while gold loans contributed nearly a third of incremental personal loans in May 2026. However, Livemint cautions that sustained double-digit growth across all sectors has occurred only once before, between October 2010 and August 2011, and it remains to be seen if this signals a lasting recovery or a short-lived cycle. ## Coverage - livemint.com Tags: bank credit growth, corporate capex, economic recovery, India economy, RBI, retail lending Canonical: https://indianopinion.org/bank-credit-growth-hits-17-broadest-in-over-a-decade/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bank-credit-growth-hits-17-broadest-in-over-a-decade/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.