NBFCs supply nearly half of small new-to-credit loans
In short
NBFCs made nearly half of the new-to-credit loans below Rs 2 lakh as of June 2026. Their retail delinquency stayed lower than the overall industry average, and people who tracked their credit were more likely to cure missed payments.
This matters because it points to wider credit access with relatively good repayment. The report does not fully explain why asset quality improved.
What the reporting says
NBFCs accounted for nearly half of new-to-credit loans below Rs 2 lakh as of June 2026, while retail delinquency stayed below the industry average. The publisher-supplied summary says this reflects improved asset quality and that borrowers who monitored credit had better cure rates than those who did not. The immediate picture is stronger reach and relatively healthy repayment, but the underlying drivers are not fully stated.
Why it matters
NBFCs accounted for nearly half of new-to-credit loans below Rs 2 lakh as of June 2026, according to the publisher summary. The same summary says their retail delinquency rate was below the industry average and that credit monitoring improved cure rates. That suggests NBFC lending is expanding while repayment remains comparatively steady, but the reporting does not give the full causes or provide underlying raw figures beyond these points.