Sectoral Deployment of Credit by NBFC – August 2026
In short
The Reserve Bank of India said on August 31, 2026 that NBFC credit grew 15.8 per cent year on year in August 2026, based on data from major NBFCs and housing finance companies. Credit to agriculture and allied activities rose 17.4 per cent, industry 8.4 per cent, services 16.2 per cent and retail loans 22.0 per cent; within industry, infrastructure credit was steady, while within retail, housing loans and loans against gold jewellery accelerated and vehicle loans saw a marginal uptick. In simple terms, NBFC lending expanded across most parts of the economy, with especially strong growth in retail and agriculture, meaning more borrowing was flowing to households, farmers and businesses. The figures are for the month ended August 31, 2026.
Why it matters
An official statistical release: this IS the primary source for the number, not a report about it. Check the reference period it covers and whether earlier periods have been revised — revisions are common and are what make a figure quoted from memory unreliable. This classification and note were written here from Reserve Bank of India's own published document.