NBFC loans grow 14.4% on year in June to INR 59.31 tln, gold loans up 69%
This story was originally published at 23:04 IST on 7 August 2026
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MUMBAI – Loans of non-banking financial companies rose 14.4% on year to INR 59.31 trillion in June, according to data released by the Reserve Bank of India Friday. NBFC loans to agriculture and allied activities rose nearly 17.9% on year to INR 796.84 billion.
Credit to industry rose 6.7% to INR 22.04 trillion in June. The year-on-year growth in credit to industry moderated from 10.3% a year ago, primarily driven by subdued growth in infrastructure, a major constituent of the segment, the RBI said.
Credit growth to the services sector moderated to 17.6% year-on-year in June to INR 7.70 trillion from 22.4% a year ago. Retail loans rose 20.3% on year to INR 25.62 trillion. Within retail loans, housing loans rose 11.4% on year to INR 8.44 trillion, while vehicle loans rose over 15% on year to INR 6.23 trillion. Loans against gold jewellery rose 69.3% on year in June to INR 3.41 trillion. End
Reported by Nandini Sinha
Edited by Saji George Titus
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