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. Within retail sector, ‘housing loans’, ‘loans against gold jewellery’ and ‘vehicle loans’ witnessed accelerated credit growth.

Ajit Prasad

Deputy General Manager

(Communications)

Press Release: 2026-2027/1461

1 Provisional data as reported on the last day of the month.…