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Informist, Tuesday, Oct. 6, 2026

 

MUMBAI – Loans disbursed by non-banking financial companies rose 15.8% on year to INR 60.64 trillion in August, according to data released by the Reserve Bank of India on Tuesday. Loans to agriculture and allied activities rose 17.4% on year to INR 801.09 billion in August, up from 5.1% a year ago. 

 

Credit to industry rose 8.4% on year to INR 22.29 trillion in August. Growth in credit to industry was largely unchanged from 8.3% a year ago. Within industry, growth in loans to infrastructure remained unchanged at 7.2% on year in August.  

 

Growth in credit to the services sector moderated to 16.2% year on year in August to INR 7.79 trillion from 24% a year ago. Retail loans rose 22% on year to INR 26.48 trillion. Within retail loans, housing loans rose 12.1% on year to INR 8.62 trillion, while vehicle loans increased 15.4% on year to INR 6.37 trillion. Loans against gold jewellery rose 69.1% on year to INR 3.65 trillion in August.  End

 

Reported by J. Navya Sruthi

Edited by Saji George Titus

 

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