Crop loans in Nandyal district have grown 14 per cent compared to last year, reaching ₹6,904 crore as of March this year, indicating a strong push towards farm financing. Overall banking business in the district has also recorded significant growth. By March 11, 2026, the total business of all banks in the district reached ₹34,219.38 crore. In line with the Reserve Bank of India guidelines, banks are striving to maintain a credit deposit ratio of 60 per cent while continuing credit expansion. In terms of market share, State Bank of India (SBI) holds the top position with 44 branches and a share of 29.03 per cent. Andhra Pragathi Grameena Bank follows with 60 branches and a market share of 15.90 per cent, while Union Bank of India stands at 15.40 per cent share with 40 branches. Compared to June 30, 2025, total advances in the district increased substantially by March 11. Loans rose from ₹20,871.20 crore to ₹22,823.37 crore, registering a growth of ₹1,952.17 crore.
