Sectoral Deployment of Credit by NBFC – September 2026
Data on sectoral deployment of credit by non-banking financial companies (NBFCs) for the month of September 2026, collected from major NBFCs and housing finance companies (HFCs), are set out in the Statement 1 . On a year-on-year (y-o-y) basis, NBFCs’ credit registered a growth of 15.4 per cent in September 2026 as compared to 13.3 per cent a year ago. Highlights of the sectoral deployment of…
Non-banking financial companies (NBFCs) experienced a 15.4% increase in credit sectorally in September 2026 compared to 13.3% in the same period a year prior, according to the latest Statement 1. In terms of specific sectors, agriculture and allied activities saw a notable 17.8% growth year-on-year, surpassing the 5.2% increase from September 2025.
However, the industry sector recorded a decline to 7.4% year-on-year, down from 10.2% in September 2025. The services sector had a moderated credit growth of 17.3% in September 2026, compared to 23.0% a year earlier. Within the services sector, credit growth in 'commercial real estate' was particularly robust, while 'trade' and 'transport operators' segments also saw higher credit growth.
Retail loans experienced a significant surge of 21.9% year-on-year in September 2026, up from 16.8% in September 2025. Within the retail sector, 'housing loans', 'loans against gold jewellery', and 'vehicle loans' all witnessed accelerated credit growth.
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