New Delhi, Nov. 6 -- Credit growth of non-banking financial companies (NBFCs) accelerated to 15.4 per cent year-on-year in September 2026, compared with 13.3 per cent in the corresponding month last year, driven by stronger retail lending and a sharp recovery in credit to agriculture and allied activities, according to Reserve Bank of India data released on Friday.

Retail loans emerged as a key growth driver, with credit expansion accelerating to 21.9 per cent in September 2026 from 16.8 per cent a year ago, reflecting increased lending across housing, gold-backed and vehicle financing segments.

Within the retail portfolio, housing loans, loans against gold jewellery and vehicle loans witnessed accelerated credit growth, indicating stro...