Sectoral Deployment of Credit by NBFC – September 2026

Data on sectoral deployment of credit by non-banking financial companies (NBFCs) for the month of September 2026, collected from major NBFCs and housing finance companies (HFCs), are set out in the Statement 1 . On a year-on-year (y-o-y) basis, NBFCs’ credit registered a growth of 15.4 per cent in September 2026 as compared to 13.3 per cent a year ago. Highlights of the sectoral deployment of credit by NBFCs for the month ended September 30, 2026, are given below: Credit to agriculture and allied activities recorded a robust growth of 17.8 per cent (y-o-y) in September 2026 as against 5.2 per cent a year ago. Credit growth in industry sector declined to 7.4 per cent (y-o-y) in September 2026 as compared with 10.2 per cent in September 2025. Within industry, credit growth in ‘infrastructure’ remained subdued. Credit growth in services sector moderated to 17.3 per cent (y-o-y) in September 2026 from 23.0 per cent a year ago. While credit to ‘commercial real estate’ marked buoyant expansion, ‘trade’ and ‘transport operators’ segments also witnessed higher credit growth. Retail loans growth accelerated to 21.9 per cent (y-o-y) in September 2026 compared to 16.8 per cent a year ago. Wit

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