Bank credit stood at Rs 202.3 lakh crore, while funding from non‑bank sources—including finance companies’ loans, corporate bonds and foreign currency borrowings—totalled Rs 95.5 lakh crore.
NBFCs continued to grow faster than banks, reporting a 22% rise in lending, compared with 14.4% growth in bank credit year‑on‑year up to end‑December.
Outstanding loans by non‑banking finance companies (net of bank credit) reached Rs 35.8 lakh crore. Non‑financial corporates raised Rs 22.9 lakh crore through corporate bonds, the data showed.
Corporate fund‑raising through commercial papers fell 1.2% to Rs 1.56 lakh crore, reversing a 40% expansion a year earlier. The decline followed a rise in government bond yields—from 6.24% in May to about 6.65% now—which prompted companies to shift from CP to short‑term bank loans.
On a year‑to‑date basis, total financial resources flowing to the commercial sector rose to Rs 30.8 lakh crore as compared a growth of Rs 21.3 lakh crore a year earlier. In FY25, total financial resources flowing to the commercial sector rose to Rs 35.08 lakh crore.