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NBFC Credit Growth Surges to 15.8 Percent in August Driven by Retail and Gold Loans
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Moneycontrol•06-10-2026, 17:48
NBFC Credit Growth Surges to 15.8 Percent in August Driven by Retail and Gold Loans
- •Non-banking finance companies and housing finance companies recorded a 15.8 percent year-on-year increase in outstanding credit to Rs 60.64 lakh crore in August 2026.
- •Retail loans remained the primary growth driver, surging 22 percent year-on-year to reach Rs 26.48 lakh crore and accounting for nearly 44 percent of total credit.
- •Loans against gold jewellery experienced the sharpest growth within retail lending, skyrocketing 69.1 percent to Rs 3.65 lakh crore.
- •Consumer durables loans rose significantly by 56.4 percent, while vehicle loans and housing loans grew by 15.4 percent and 12.1 percent respectively.
- •Credit to industry grew at a slower pace of 8.4 percent, whereas agriculture and allied activities saw an accelerated growth of 17.4 percent.
Key Questions Answered
Non-banking finance companies and housing finance companies recorded a 15.8 percent year-on-year increase in outstanding credit, reaching Rs 60.64 lakh crore in August 2026 and accelerating from 10 percent a year ago.
Within retail lending, loans against gold jewellery recorded the sharpest growth, rising 69.1 percent year-on-year to Rs 3.65 lakh crore in August 2026 compared to the previous year.
Retail loans grew by 22 percent year-on-year to Rs 26.48 lakh crore in August 2026, up from 13.6 percent growth a year earlier, and continue to account for nearly 44 percent of the sector's overall credit.
