Mumbai, Sept. 7 -- Retail loans given by non-banking financial companies (NBFCs) grew 21.4 per cent year-on-year in July 2026, the fastest growth among the major sectors, according to the latest data released by the Reserve Bank of India (RBI).

The data highlighted that retail credit growth was significantly higher than the 13.7 per cent recorded in July 2025, showing a strong rise in lending to retail borrowers.

RBI stated, "Data on sectoral deployment of credit by non-banking financial companies (NBFCs) for the month of July 2026, collected from major NBFCs and housing finance companies (HFCs)... Retail loans growth accelerated to 21.4 per cent (y-o-y) in July 2026 compared to 13.7 per cent a year ago".

Within retail loans, the housi...