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The Economic Times

Economy / The Economic Times

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Gold loans, consumer durables drive NBFC credit growth to 14.9% in July

Non-banking financial companies saw 14.9 percent credit expansion by July end. This growth accelerated from last year's 10.6 percent expansion. Gold loans surged 68.5 percent and consumer durable loans grew 51.5 percent. Retail loans within NBFCs increased 21.4 percent, showing strong performance. Housing and vehicle loans also recorded significant year-on-year growth.

7 Sep 2026 6:29 pm