| Source | ₹ Crore | Percentage Variation | | At End-March | As on September 30 | At End-March | As on September 30 | | 2024 | 2025 | 2026 | 2024 | 2025 | 2026 P | 2025 over 2024 | 2026 over 2025 | 2025 over 2024 | 2026 over 2025 P | | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | | 1. Non-Food Bank Credit | 1,65,63,961 | 1,83,71,998 | 2,12,91,163 | 1,72,79,977 | 1,92,18,673 | 2,28,98,371 | 10.9 | 15.9 | 11.2 | 19.1 | | 2. Non-Bank Sources (2.1+2.2) | 77,57,256 | 88,86,393 | 1,01,76,703 | 80,92,351 | 93,98,766 | 1,06,76,529 | 14.6 | 14.5 | 16.1 | 13.6 | | 2.1 Domestic Sources | 56,59,037 | 66,37,411 | 75,28,812 | 59,24,203 | 70,47,084 | 78,78,899 | 17.3 | 13.4 | 19.0 | 11.8 | | 2.1.1 Corporate Bond Issuances by Non-Financial Entities | 18,25,514 | 20,23,310 | 23,45,423 | 18,45,798 | 22,09,652 | 24,15,850 | 10.8 | 15.9 | 19.7 | 9.3 | | 2.1.2 Commercial Paper Issuances by Non-Financial Entities | 1,09,528 | 1,28,347 | 1,36,295 | 1,61,868 | 2,01,387 | 2,64,556 | 17.2 | 6.2 | 24.4 | 31.4 | | 2.1.3 Credit by Housing Finance Companies (Net of Bank Borrowings) | 5,98,965 | 6,27,125 | 6,40,398 | 6,64,886 | 6,26,057 | 6,90,122 | 4.7 | 2.1 | -5.8 | 10.2 | | 2.1.4 Credit by RBI-regulated All India Financial Institutions | 4,24,610 | 5,24,111 | 6,11,782 | 4,17,291 | 4,87,711 | 5,90,535 | 23.4 | 16.7 | 16.9 | 21.1 | | 2.1.5 Credit by Non-Banking Financial Companies (Net of Bank Borrowings) | 27,00,421 | 33,34,518 | 37,94,913 | 28,34,360 | 35,22,277 | 39,17,835 | 23.5 | 13.8 | 24.3 | 11.2 | | 2.2 Foreign Sources | 20,98,219 | 22,48,983 | 26,47,892 | 21,68,148 | 23,51,683 | 27,97,630 | 7.2 | 17.7 | 8.5 | 19.0 | | 2.2.1 External Commercial Borrowings by Non-Financial Entities | 10,72,181 | 11,34,552 | 12,85,224 | 10,87,563 | 11,95,496 | 13,69,850 | 5.8 | 13.3 | 9.9 | 14.6 | | 2.2.2 Short-term Credit from Abroad | 10,26,037 | 11,14,431 | 13,62,668 | 10,80,585 | 11,56,186 | 14,27,780 | 8.6 | 22.3 | 7.0 | 23.5 | | 3. Total Credit (1+2) | 2,43,21,217 | 2,72,58,391 | 3,14,67,867 | 2,53,72,328 | 2,86,17,439 | 3,35,74,900 | 12.1 | 15.4 | 12.8 | 17.3 | P: Provisional.
The coverage of data for columns 4, 5 and 6 from Source No.:
2.1.1, 2.1.3, 2.1.4, 2.2.1 and 2.2.2: As at end-August.
2.1.5: As at end-June.
Notes: i) Non-food bank credit pertains to scheduled commercial banks (SCBs) and excludes credit extended by co-operative banks. Including credit extended by co-operative banks (viz., urban co-operative banks, state co-operative banks, and district central co-operative banks), non-food bank credit at end-March 2024 and 2025 stood at ₹1,76,18,552 crore and ₹1,95,07,975 crore, respectively. Accordingly, total outstanding credit at end-March 2024 and 2025 stood at ₹2,53,75,808 crore and ₹2,83,94,368 crore, respectively.
ii) Data on non-bank sources excludes issuances of equities and hybrid instruments under domestic sources and foreign direct investment in equities under foreign sources.
iii) Outstanding data for end-March 2024 and 2025 are based on SEBI’s new series of data on bonds issued by financial and non-financial corporations.
iv) Flows based on outstanding data may not tally with the flows provided in Table 18 (a) due to:
(a) Conversion of some Housing Finance Companies (HFCs) into Non-Banking Financial Companies (NBFCs); and
(b) Valuation effect in case of foreign sources.
v) Data is exclusive of current and non-current trade payables representing domestic liabilities in case of non-financial non-government public and private limited companies as data are not available.
Sources: RBI; SEBI; AIFIs; and RBI staff estimates. | |