NBFC Sector

Non-Banking Financial Companies (NBFCs) are vital financial intermediaries in India, offering credit, investments, and financial services—especially to underserved segments—fuelling inclusive growth and economic resilience.

Recent Developments (Key Statistics)

  • NBFC credit-to-GDP ratio rose from 16% in FY19 to 26% in FY25.
  • Drives credit expansion, particularly to retail, MSMEs, and the informal sector.
  • Share of NBFCs and HFCs in systemic credit increased from 19% in FY20 to 21% in FY25.

Nodal Ministry/ Authority

  • Reserve Bank of India (RBI): Principal regulatory and supervisory authority.
  • Ministry of Finance: Policy oversight and legislative framework.

Contribution to GDP

  • Total NBFC credit reached ....
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