PRESS RELEASE Reserve Bank of India Press

Sectoral Deployment of Credit by NBFC – July 2026

What happened
Based on Reserve Bank of India Press · Sep 07, 2026

The Reserve Bank of India reported a 14.9% year-on-year growth in credit deployment by non-banking financial companies (NBFCs) in July 2026, with agriculture and retail loans showing the strongest increases.

🚩 Report a correction ↗ Open source
Sectoral Deployment of Credit by NBFC – July 2026
Reserve Bank of India Press — Reserve Bank of India
Key points
·
Data on sectoral deployment of credit by non-banking financial companies (NBFCs) for the month of July 2026, collected from major NBFCs and housing finance companies (HFCs), are set out in the Statement.
·
On a year-on-year (y-o-y) basis, NBFCs’ credit registered a growth of 14.9 per cent in July 2026 as compared to 10.6 per cent a year ago.
·
Highlights of the sectoral deployment of credit by NBFCs for the month ended July 31, 2026, are given below: Credit to agriculture and allied activities recorded a robust growth of 18.0 per cent (y-o-y) in July 2026 as against 5.4 per cent a year ago.
·
Credit to industry grew by 7.4 per cent (y-o-y) in July 2026 as compared with 9.3 per cent in July 2025.
Key numbers
·
9% year-on-year, up from 10.
·
6% in the same month of 2025, reflecting an acceleration in lending activity across the sector.
·
0% year-on-year, a significant improvement from 5.

The Reserve Bank of India released data on sectoral credit deployment by non-banking financial companies (NBFCs) for July 2026, compiled from major NBFCs and housing finance companies (HFCs). Overall NBFC credit grew 14.9% year-on-year, up from 10.6% in the same month of 2025, reflecting an acceleration in lending activity across the sector. Credit to agriculture and allied activities surged by 18.0% year-on-year, a significant improvement from 5.4% growth in July 2025, indicating stronger support for rural and allied economic activities.

Industry credit growth moderated to 7.4% year-on-year in July 2026, down from 9.3% a year earlier, with infrastructure—a key component of this segment—experiencing subdued expansion. The services sector also saw a slowdown, with credit growth declining to 15.2% year-on-year from 24.5% in July 2025, as segments like trade and transport operators underperformed despite gains in commercial real estate.

Retail loans recorded the highest growth at 21.4% year-on-year in July 2026, compared to 13.7% in the previous year, driven by accelerated demand in housing and loans against gold jewellery. Vehicle loans maintained steady growth within the retail segment, contributing to the overall expansion of consumer credit.

The data, based on a sample covering approximately 87% of total NBFC credit as per the *Report on Trend and Progress of Banking in India 2024-25*, provides provisional insights into sectoral lending trends. The Reserve Bank of India noted that the figures reflect credit deployment as of the last day of the reporting month.

Original source → Deals on Clipraptor.com →