According to data released by the Reserve Bank of India, credit by non-banking financial companies (NBFCs) and housing finance companies registered a year-on-year growth of 15.4 per cent in September 2026, compared to 13.3 per cent in the previous year. The figures are based on provisional data collected from major NBFCs in the upper and middle layers, as well as housing finance companies.
Credit to agriculture and allied activities grew by 17.8 per cent year-on-year, up from 5.2 per cent a year ago. Meanwhile, credit growth in the industry sector slowed to 7.4 per cent, and services sector credit moderated to 17.3 per cent. Retail loans accelerated to 21.9 per cent growth, driven by housing loans, loans against gold jewellery, and vehicle loans.
What it means
- NBFC credit grew by 15.4 per cent year-on-year in September 2026.
- Agriculture and allied activities credit rose by 17.8 per cent year-on-year.
- Retail loans growth increased to 21.9 per cent year-on-year in September 2026.
Source
Reserve Bank of India, “Sectoral Deployment of Credit by NBFC – September 2026” dated 6 November 2026. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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