Credit Growth Overview - Incremental credit to India's commercial sector rose 24% year-to-date, reaching ₹20 lakh crore in the first seven months of FY26, compared to ₹16.23 lakh crore in the same period last year [1][9] - This increase in credit is attributed to lower lending rates, tax relief measures, and cuts in goods and services taxes (GST), indicating a revival in business and investment activity [9] Bank and Non-Banking Credit - Bank credit increased by 11% year-on-year, while credit from non-banking sources surged by 39%, highlighting the significant role of non-banking channels in credit expansion [1][9] - Outstanding credit to the commercial sector expanded by 13% to ₹288 lakh crore as of October 31, 2025, compared to a 12% increase in the same period last year [6][9] Corporate Funding Sources - Corporates raised ₹2.25 lakh crore from the bond market, a remarkable 473% increase over the previous year, and ₹25,475 crore via external commercial borrowings (ECB), compared to repayments of ₹792 crore last year [4][9] - Outstanding loans by non-banking financial companies (NBFCs) reached ₹35.8 lakh crore, surpassing the total lent in the previous fiscal year, while corporate bonds issued amounted to ₹22.48 lakh crore, up from ₹20.23 lakh crore in the same period last year [7][9] Monetary Policy Impact - The Reserve Bank of India (RBI) has lowered the repo rate by 100 basis points since February, facilitating easier access to credit for corporates [5][9] - As a result of these changes, large corporates are increasingly relying on market-based instruments such as commercial paper and corporate bonds, reducing their dependence on traditional bank credit [5][9]

BRASILIA (Reuters) -Outstanding bank lending in Brazil continued to lose momentum in August, central bank data showed on Monday, as high interest rates helped cool activity in Latin America's largest economy. Credit growth over the past 12 months slowed to 10.1% in August, down from 10.8% in July. The central bank projected last Thursday that annual loan growth would ease further, ending the year at 8.8%. While a steep slowdown from the 11.5% expansion seen in 2024, the forecast marked a slight upward ...