NBFC credit growth rises to 15.8% in August as gold, consumer durable loans surge

Kolkata: Credit expansion by non-banking financial companies (NBFCs) gathered pace in August, backed by faster delivery of gold loans, consumer durable loans and housing loans, according to latest data released by Reserve Bank of India Tuesday.

NBFCs' overall credit grew 15.8% year-on-year to Rs 60.6 lakh crore at the end of August as compared with 14.9% growth seen a month prior.

Year-on-year, their gold loans surged 69.1% to Rs 3.65 lakh crore while consumer durable loans jumped 56.4% to 77784 crore at the end of the reporting month. These two verticals grew 46.8% and 19.6% respectively at the same period last year.


Housing loans, which contributed the most in NBFCs' retail loan pie, grew 12.1% to Rs 8.62 lakh crore at the end of August against a 3.8% rise earlier.

On aggregate, NBFCs' retail loans surged 22% to 26.5 lakh crore against a 13.6% rise in the year-ago period. Retail loans accounted for nearly 44% of the total NBFC lending universe.

Meanwhile, their lending to the services sector moderated to 16.2% from 24%, largely due to deceleration in segments such as `trade’ and `transport operator’. lending to commercial real estate remained robust.

Growth in credit to industry was marginally up at 8.4% in August 2026 as compared with 8.3% in the year ago period. Credit to agriculture and allied activities recorded a 17.4% growth as against 5.1% earlier.