New Delhi, July 7 -- Credit extended by non-banking financial companies (NBFCs) grew 14.2 per cent year-on-year in May 2026 from 11.4 per cent a year ago with retail loans emerging as major credit contributor, as per a statement by the Reserve Bank of India (RBI).

As per the release, while NBFC lending momentum remained healthy in May, growth was increasingly driven by retail and agriculture segments, even as credit expansion to industry and services lost some pace.

Credit to agriculture and allied activities recorded the sharpest growth, rising 17.9 per cent year-on-year in May 2026 reflecting stronger lending to the farm sector.

"Credit growth in agriculture and allied activities recorded a robust growth of 17.9 per cent (y-o-y) in M...