Non-banking financial companies (NBFCs) posted 14.9% growth in their overall credit by the end of July, accelerating from 10.6% in the previous year. The faster pace reflects stronger lending activity across key retail segments.
Segment-wise, gold loans surged 68.5% and consumer durable loans rose 51.5% year on year. Retail loans within NBFCs climbed 21.4% year on year, while housing and vehicle loans also registered significant year-on-year growth.
The data highlight a shift in demand toward asset-backed and durable-goods financing within the NBFC sector, with implications for lenders’ funding strategies and regulatory oversight as credit conditions evolve. The figures provide a measure of retail credit expansion that may influence assessments by policymakers, investors, and borrowers.
