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NBFC Retail Loan Growth Surges to 22 Percent in August on Strong Gold and Housing Demand
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News18•06-10-2026, 18:15
NBFC Retail Loan Growth Surges to 22 Percent in August on Strong Gold and Housing Demand
- •Retail lending by non-banking financial companies accelerated sharply to 22 percent year-on-year in August compared to 13.6 percent a year earlier.
- •Loans against gold jewellery surged 69.1 percent year-on-year to reach about Rs 3.65 lakh crore in August.
- •Total credit extended by NBFCs grew 15.8 percent year-on-year, with total outstanding credit touching approximately Rs 60.64 lakh crore.
- •Housing loans grew by 12.1 percent, consumer durable loans expanded by 56.4 percent, and vehicle loans maintained robust growth at 15.4 percent.
- •Credit to agriculture and allied activities recorded a strong growth of 17.4 percent year-on-year in August, up from 5.1 percent previously.
Key Questions Answered
Retail lending by non-banking financial companies accelerated sharply to 22 per cent year-on-year in August, compared with 13.6 per cent a year earlier.
Loans against gold jewellery rose by 69.1 per cent year-on-year to reach about Rs 3.65 lakh crore in August, remaining one of the fastest-growing retail credit segments.
Total credit extended by NBFCs grew by 15.8 per cent year-on-year in August, up from 10 per cent previously, bringing total outstanding credit to approximately Rs 60.64 lakh crore.
