Document title: Sectoral Deployment of Credit by NBFC – August 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1261
Date: 06 October 2026
Banking and Credit
The Reserve Bank of India released provisional data on the sectoral deployment of credit by non‑banking financial companies (NBFCs) and housing finance companies (HFCs) for the month ended 31 August 2026. The sample covers NBFCs in the Upper and Middle Layers together with HFCs, representing about 87 % of total NBFC credit as measured against the data published in the Report on Trend and Progress of Banking in India 2024‑25 (outstanding as on September 2025).
Overall NBFC credit expanded 15.8 % year‑on‑year (YoY) in August 2026, compared with a 10.0 % YoY increase in August 2025.
Agriculture and allied activities: Credit to this segment recorded a robust 17.4 % YoY growth in August 2026, up from 5.1 % YoY a year earlier.
Industry: Credit to industry grew marginally to 8.4 % YoY in August 2026, virtually unchanged from the 8.3 % YoY growth recorded in August 2025. Within industry, credit growth to the infrastructure sub‑segment remained steady.
Services: Credit growth in the services sector moderated to 16.2 % YoY in August 2026 from 24.0 % YoY a year ago. Credit to commercial real estate showed buoyant expansion, whereas credit to trade and transport‑operator segments experienced a deceleration.
Retail loans: Retail‑loan credit accelerated to 22.0 % YoY in August 2026, compared with 13.6 % YoY in August 2025. Within retail, housing loans and loans against gold jewellery exhibited accelerated growth, while vehicle loans continued robust growth with a marginal uptick.
The press release is signed by Deputy General Manager Ajit Prasad (Communications).