Mumbai: Credit extended by non-banking finance companies (NBFCs) in June rose 14.4% from a year earlier to ₹59.3 lakh crore, with retail loans growing the fastest, according to data released by the Reserve Bank of India. Credit growth a year earlier was 11.1%.Retail loans in June increased 20.3% year-on-year to 25.61 lakh crore, compared with 14.3% growth a year earlier. Within the retail segment, housing and vehicle loans, and loans against gold jewellery recorded robust growth, RBI data showed.Loans against gold jewellery surged 69.3% to ₹3.4 lakh crore. Outstanding loans in this category more than doubled in two years from ₹1.43 lakh crore in June 2024.Read more: RBI plans to bar NBFCs from offering revolving credit without approvalLoans for consumer durables rose 46.8% to ₹72,201 crore, while vehicle loans increased 15.2% to ₹6.23 lakh crore and housing loans grew 11.4% to ₹8.44 lakh crore.ET BureauGold loans surge 69.3% yoy; housing and vehicle credit also risesCredit to industry grew 6.7% to ₹22 lakh crore, compared with 10.3% in June 2025. The moderation was primarily driven by slower growth in infrastructure lending, a major component of the segment. Loans to the power sector rose 4.9% to ₹14.2 lakh crore.Credit to agriculture and allied activities increased 17.9% in June 2026 to ₹79,684 crore, against a 5.1% expansion recorded a year earlier.Read more: NBFC gold jewellery loans jump 69 pc in June, fastest across segments: RBI dataCredit growth in the services sector moderated to 17.6% year-on-year, taking outstanding credit to ₹7.70 lakh crore, compared with 22.4% growth a year ago. While credit to the commercial real estate segment recorded healthy expansion, growth in lending to the trade and transport operators' segments moderated.NBFC credit totalled ₹51.8 lakh crore in June 2025 and ₹46.68 lakh crore in June 2024.The sectoral credit data for the non-banking finance companies are based on a sample of finance companies classified under the upper and middle layers. The data include those from housing finance companies, which account for 87% of the total credit.
NBFC credit surges 14.4% to ₹59.3 lakh crore in June, retail loans lead growth: RBI data
Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent.
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