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Total value of gross bank credit in services sector in India from financial year 2019 to 2024, by segment (in trillion Indian rupees)

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Source

Release date

December 2024

Region

India

Survey time period

FY 2019 to FY 2024

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2025 started in April 2024 and ended in March 2025. 

One Indian rupee is equal to 0.010 euros and 0.012 U.S. dollars (as of July 2025).

Values have been rounded.

Citation formats

Value of gross bank credit in services sector FY 2019-2024, by segment

Published by K. Scholle, Jul 11, 2025

In financial year 2024, Indian banks had deployed over ** trillion Indian rupees to the services sector. This was an increase by around ** percent compared to the previous year. The lion's share of credits went to non-banking financial companies (NBFC) with almost ** trillion Indian rupees.

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