RBI says NBFC credit growth rose 15.4% in September 2026
In short
The RBI released September 2026 data showing NBFC credit grew 15.4% year on year, up from 13.3% a year earlier.
Agriculture, retail loans, housing, gold jewellery loans and vehicle loans grew faster, while industry credit slowed to 7.4% and services growth eased to 17.3%.
What the reporting says
The RBI released September 2026 data on sectoral deployment of credit by NBFCs and HFCs, showing NBFC credit growth of 15.4% year on year, up from 13.3% a year earlier. Agriculture and allied activities rose 17.8%, retail loans accelerated to 21.9%, and services growth eased to 17.3%. Industry credit growth slowed to 7.4%, with infrastructure still subdued, while commercial real estate, housing, gold and vehicle loans saw stronger growth.
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.