| Source | ₹ Crore | Percentage Variation | | At End-March | As on July 31 | At End-March | As on July 31 | | 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 | 1,67,85,745 | 1,84,44,703 | 2,19,60,264 | 10.9 | 15.9 | 9.9 | 19.1 | | 2. Non-Bank Sources (2.1+2.2) | 77,57,256 | 88,86,393 | 1,01,59,216 | 78,67,785 | 90,79,567 | 1,03,53,278 | 14.6 | 14.3 | 15.4 | 14.0 | | 2.1 Domestic Sources | 56,59,037 | 66,37,411 | 75,11,325 | 57,57,618 | 68,00,202 | 76,43,690 | 17.3 | 13.2 | 18.1 | 12.4 | | 2.1.1 Corporate Bond Issuances by Non-Financial Entities | 18,25,514 | 20,23,310 | 23,45,423 | 18,34,227 | 21,18,514 | 23,55,104 | 10.8 | 15.9 | 15.5 | 11.2 | | 2.1.2 Commercial Paper Issuances by Non-Financial Entities | 1,09,528 | 1,28,347 | 1,36,295 | 1,65,159 | 2,38,916 | 2,44,535 | 17.2 | 6.2 | 44.7 | 2.4 | | 2.1.3 Credit by Housing Finance Companies (Net of Bank Borrowings) | 5,98,965 | 6,27,125 | 6,40,214 | 6,40,436 | 6,12,937 | 6,70,645 | 4.7 | 2.1 | -4.3 | 9.4 | | 2.1.4 Credit by RBI-regulated All India Financial Institutions | 4,24,610 | 5,24,111 | 6,11,782 | 4,17,375 | 4,95,317 | 5,95,795 | 23.4 | 16.7 | 18.7 | 20.3 | | 2.1.5 Credit by Non-Banking Financial Companies (Net of Bank Borrowings) | 27,00,421 | 33,34,518 | 37,77,610 | 27,00,421 | 33,34,518 | 37,77,610 | 23.5 | 13.3 | 23.5 | 13.3 | | 2.2 Foreign Sources | 20,98,219 | 22,48,983 | 26,47,892 | 21,10,167 | 22,79,364 | 27,09,588 | 7.2 | 17.7 | 8.0 | 18.9 | | 2.2.1 External Commercial Borrowings by Non-Financial Entities | 10,72,181 | 11,34,552 | 12,85,224 | 10,64,561 | 11,66,175 | 13,14,277 | 5.8 | 13.3 | 9.5 | 12.7 | | 2.2.2 Short-term Credit from Abroad | 10,26,037 | 11,14,431 | 13,62,668 | 10,45,606 | 11,13,189 | 13,95,311 | 8.6 | 22.3 | 6.5 | 25.3 | | 3. Total Credit (1+2) | 2,43,21,217 | 2,72,58,391 | 3,14,50,380 | 2,46,53,529 | 2,75,24,270 | 3,23,13,542 | 12.1 | 15.4 | 11.6 | 17.4 | 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-June.
2.1.5: As at end-March.
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. | |