The Reserve Bank of India released data concerning the sectoral allocation of credit by non-banking financial companies (NBFCs) for August 2026, compiled from principal NBFCs and housing finance companies (HFCs). Year-on-year, NBFCs’ credit extended by 15.8 per cent in August 2026, a notable increase from the 10.0 per cent recorded a year prior. Credit disbursed to agriculture and related activities demonstrated a significant expansion of 17.4 per cent (y-o-y) in August 2026, contrasting with 5.1 per cent in the corresponding period of the previous year. Credit to the industrial sector advanced modestly to 8.4 per cent (y-o-y) in August 2026, compared to 8.3 per cent in August 2025. Within the industrial segment, credit expansion in ‘infrastructure’ maintained a consistent pace.

Credit expansion within the services sector decelerated to 16.2 per cent (y-o-y) in August 2026, a reduction from 24.0 per cent a year prior. Credit extended to ‘commercial real estate’ demonstrated vigorous expansion, but credit growth in the ‘trade’ and ‘transport operators’ segments experienced a slowdown. Retail loan growth strengthened to 22.0 per cent (y-o-y) in August 2026, in contrast to 13.6 per cent a year ago. Within the retail loan portfolio, ‘housing loans’ and ‘loans against gold jewellery’ segments registered accelerated credit growth, while ‘vehicle loans’ sustained its robust trajectory with a marginal uptick.