The Reserve Bank of India (RBI) said, credit extended by Non-Banking Financial Companies (NBFCs) grew by 14.4 per cent year-on-year in June 2026, compared to 11.1 per cent a year earlier.
According to the RBI, credit to agriculture and allied activities rose 17.9 per cent, up from 5.1 per cent a year ago. Retail loan growth accelerated to 20.3 per cent from 14.3 per cent, driven by strong growth in housing, vehicle loans and loans against gold jewellery. However, credit growth to the services sector moderated to 17.6 per cent from 22.4 percent, while lending to industry slowed to 6.7 percent from 10.3 percent, mainly due to subdued growth in infrastructure lending.
