| Source | ₹ Crore | Percentage Variation | | At End-March | As on May 31 | At End-March | As on May 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 | 1,67,43,817 | 1,82,16,796 | 2,13,78,960 | 10.9 | 15.9 | 8.8 | 17.4 | | 2. Non-Bank Sources (2.1+2.2) | 77,57,256 | 88,86,393 | 1,01,59,216 | 78,13,408 | 89,99,014 | 1,02,24,912 | 14.6 | 14.3 | 15.2 | 13.6 | | 2.1 Domestic Sources | 56,59,037 | 66,37,411 | 75,11,325 | 57,11,675 | 67,22,759 | 75,80,353 | 17.3 | 13.2 | 17.7 | 12.8 | | 2.1.1 Corporate Bond Issuances by Non-Financial Entities | 18,25,514 | 20,23,310 | 23,45,423 | 18,21,743 | 20,50,161 | 23,42,608 | 10.8 | 15.9 | 12.5 | 14.3 | | 2.1.2 Commercial Paper Issuances by Non-Financial Entities | 1,09,528 | 1,28,347 | 1,36,295 | 1,36,015 | 2,35,442 | 2,15,549 | 17.2 | 6.2 | 73.1 | -8.4 | | 2.1.3 Credit by Housing Finance Companies (Net of Bank Borrowings) | 5,98,965 | 6,27,125 | 6,40,214 | 6,20,831 | 5,98,614 | 6,48,416 | 4.7 | 2.1 | -3.6 | 8.3 | | 2.1.4 Credit by RBI-regulated All India Financial Institutions | 4,24,610 | 5,24,111 | 6,11,782 | 4,32,665 | 5,04,024 | 5,96,170 | 23.4 | 16.7 | 16.5 | 18.3 | | 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 | 21,01,732 | 22,76,255 | 26,44,558 | 7.2 | 17.7 | 8.3 | 16.2 | | 2.2.1 External Commercial Borrowings by Non-Financial Entities | 10,72,181 | 11,34,552 | 12,85,224 | 10,69,501 | 11,61,301 | 12,75,310 | 5.8 | 13.3 | 8.6 | 9.8 | | 2.2.2 Short-term Credit from Abroad | 10,26,037 | 11,14,431 | 13,62,668 | 10,32,232 | 11,14,954 | 13,69,248 | 8.6 | 22.3 | 8.0 | 22.8 | | 3. Total Credit (1+2) | 2,43,21,217 | 2,72,58,391 | 3,14,50,380 | 2,45,57,225 | 2,72,15,810 | 3,16,03,871 | 12.1 | 15.4 | 10.8 | 16.1 | 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-April.
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. | |