Sectoral Deployment of Credit by NBFCs; moderation in Credit growth in services sector; buoyant expansion in credit to ‘commercial real estate’; decline in Credit growth in industry sector
FinTech BizNews Service
Mumbai, 09 November, 2026: Data on sectoral deployment of credit by non-banking financial companies (NBFCs) for the month of September 2026, have been collected from major NBFCs and housing finance companies (HFCs).
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. Within retail sector, ‘housing loans’, ‘loans against gold jewellery’ and ‘vehicle loans’ witnessed accelerated credit growth.
