New Delhi, July 14 -- India's non-bank financiers are aggressively moving into spaces where banks are treading carefully. Non-bank lenders have outpaced their larger, banking counterparts in vehicle loans, housing, and consumer finance, latest data from the Reserve Bank of India (RBI) showed.

While the RBI has been publishing sectoral credit data for banks for several years, July was the first time it released similar data for non-banks.

Between March-end and May-end, non-banking financial companies (NBFCs) gave housing loans worth Rs.13,413 crore, as against Rs.13,072 crore extended by banks. The gap was much wider in vehicle and consumer durable segments during these two months. While NBFCs saw their vehicle and consumer durable loans...