Credit to NBFCs Soars 34% as Services Sector Roars

Ladies and gentlemen, brace yourselves! Credit to non-banking financial companies has skyrocketed a jaw-dropping 33.7% to Rs 20.9 trillion! Trade credit is flexing its muscles at 17.3% growth! The services sector is roaring with a 20.4% surge, while retail loans are on fire, led by housing loans soaring to 10.9%! This is not just a report; it’s a financial revolution!

Quick rundown

1.Credit to NBFCs skyrocketed by 33.7% YoY.

2.Trade credit growth hit 17.3% YoY.

3.Services sector credit surged by 20.4% YoY.

4.Gold loan growth slowed to 105.5% YoY.

5.Agriculture credit grew by 14.9% YoY.

MSME Loans Soar to Rs 46 Trillion But Growth Hits a Snag
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07:50 am on Friday, 26 June, 2026
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Hey there! So, banks are raising their lending rates to 8.5% in April, even though the RBI is just sittin' pretty with the policy repo rate. Meanwhile, deposits are taking a little snooze, dropping to 5.77%. But guess what? Credit is still rockin' at 16%! Isn’t that just fantastic? Let’s keep this party going, folks!
04:40 pm on Friday, 5 June, 2026

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