India non-food bank credit growth accelerates to 18.8% y/y in Aug 2026

Non-food bank credit in India grew 18.8% y/y as of Aug 31, 2026, up sharply from 10.2% a year earlier, per RBI data from 41 banks covering ~95% of credit. The acceleration signals robust domestic credit demand, likely supporting growth but also raising inflation concerns. Data is preliminary and sectoral breakdowns are not yet detailed.