NBFCs Capture Nearly Half of Small New-to-Credit Loans as Delinquencies Stay Contained
Non-banking finance companies accounted for nearly half of new-to-credit loans below Rs 2 lakh as of June 2026, underscoring their growing role in expanding access to formal credit. Despite that rapid expansion, retail delinquency levels at NBFCs remained below the broader industry average, suggesting that asset quality has held up even as lenders have deepened their reach.
