Equity

Credit expansion within the services sector decelerated to 16.2 per cent (y-o-y) in August 2026, a reduction from 24.0 per cent a year prior. Credit extended to ‘commercial real estate’ demonstrated vigorous expansion, but credit growth in the ‘trade’ and ‘transport operators’ segments experienced a slowdown. Retail loan growth strengthened to 22.0 per cent (y-o-y) in August 2026, in contrast to 13.6 per cent a year ago. Within the retail loan portfolio, ‘housing loans’ and ‘loans against gold jewellery’ segments registered accelerated credit growth, while ‘vehicle loans’ sustained its robust trajectory with a marginal uptick.