NBFC credit growth accelerates to 15.4% in September; retail loans lead expansion
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓NBFC credit growth reached 15.4% in September, driven by a strong rise in retail lending.
- ✓Retail loans grew by 21.9%, while agriculture credit also saw a big jump to 17.8%.
- ✓Meanwhile, industrial and services sectors showed slower growth.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
According to the Reserve Bank of India (RBI) data Retail lending, agriculture and allied activities recorded strong growth during the month, while credit expansion in the industrial and services sectors moderated.
Retail loan growth accelerates to 21.9%
Credit growth in the retail segment accelerated to 21.9% in September 2026, compared with 16.8% in September 2025.
"Within the retail sector, 'housing loans', 'loans against gold jewellery' and 'vehicle loans' witnessed accelerated credit growth," RBI noted.
Agriculture credit records strong growth
Credit to agriculture and allied activities registered a robust growth of 17.8% YoY in September 2026, significantly higher than the 5.2% growth recorded a year ago.
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