Bank credit stood at Rs 202.3 lakh crore, while funding from non-bank sources-including finance companies’ loans, corporate bonds and foreign currency borrowings-totalled Rs 95.5 lakh crore.
Loans from non-banking finance companies (NBFC) continued to expand faster than bank advances, reporting a 22% rise in lending. Banks reported a 14.4% growth, albeit on a much larger base, for the period up to end-December. Outstanding loans by NBFCs, excluding bank credit to NBFCs themselves, reached Rs 35.8 lakh crore. Non-financial corporations raised Rs 22.9 lakh crore through corporate bonds, the data showed.
Corporate fund-raising through commercial papers fell 1.2% to Rs 1.56 lakh crore, reversing a 40% expansion a year earlier. The decline followed a rise in government bond yields-from 6.24% in May to about 6.65% now. Hardening market yields prompted companies to shift from CPs to short-term bank loans.
On a year-to-date basis, total financial resources flowing to the commercial sector rose to Rs 30.8 lakh crore as compared to a growth of Rs 21.3 lakh crore a year earlier. In FY25, total financial resources flowing to the commercial sector rose to Rs 35.08 lakh crore.
