NBFCs remain fastest-growing sector for deployment of bank credit: RBI

Credit to NBFCs rose 55 per cent in October, says RBI

Non-banking finance companies (NBFCs) remain the fastest-growing sector for deployment of bank credit, despite its liquidity problem.
 
 Credit to NBFCs rose 55 per cent in October, against growth of 8.1 per cent in the same month of 2017, according to data issued on Friday by the Reserve Bank of India (RBI).
 
The sum of what NBFCs owed at end-October was Rs  5.62 trillion, from Rs 3.6 trn in October 2017. At end-September 2018, it was Rs 5.46 trn.