NBFCs Rocket with 14.4% Credit Growth Thanks to Retail Loans

Hold onto your wallets! Non-banking financial companies (NBFCs) reported a 14.4% credit growth, reaching ₹57.8 trillion by June 2026. Retail loans were the shining stars, soaring 20.3% to ₹25.6 trillion! Meanwhile, gold loans dazzled with a 69.3% increase, while housing loans were a bit sluggish at 11%. Banks, however, zoomed ahead with an 18.6% growth. What a wild ride!