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Bank deliver growth in large corporate segment, healthy June quarter business updates

ICICIdirect Research 03 Jul 2026 DISCLAIMER

Banking credit growth continued to remain resilient at 17.4% YoY, reaching ₹213.7 lakh crore as on 31st May 2026. While traction remained healthy across segments, revival in credit growth to large industries and NBFC act as primary drivers sustaining overall momentum.
Continued strong traction in NBFC (+33.7% YoY) aided traction in services segment (20.4% YoY). Retail segment grew 15.4% YoY, driven by continued strong momentum in gold loans (+105.5% YoY). Within unsecured retail loans, credit cards continued to remain muted (~1% YoY), though personal loans had started to witness revival growing at ~12.5% YoY (in-line with recent commentary of large private banks). Credit to agriculture and allied activities also remained healthy at 14.9% YoY.
Industrial credit growth remained buoyant for fourth consecutive month at 17.5% YoY, led by strong revival in large industries (+14.4% YoY) is suggestive of bond market demand substitution in favour of banks, while growth in micro and small industries (+26.2% YoY) and medium industries (+21.2% YoY) continued to remain steady.

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