{
 "meta": {
  "dossier": "bis",
  "source": "Bank for International Settlements (BIS)",
  "vintage": "2026-10-09",
  "mock": false,
  "geo": "IND",
  "releaseDate": null,
  "revisionPolicy": "BIS revises credit, debt service and property series as national sources revise; each update re-reads the last ten years. Break-adjusted series are BIS's own adjustment.",
  "latestPeriod": "2026-01",
  "frequency": "quarterly",
  "base": "billions of the currency of denomination",
  "unit": "mixed",
  "coverage": "Foreign-currency credit to Indian non-bank borrowers: dollar, euro and yen",
  "note": "BIS global liquidity indicators (WS_GLI): credit denominated in each currency, extended to non-banks located in India by banks anywhere and through international bonds. Levels converted from millions to billions."
 },
 "dates": [
  "2000-01-01",
  "2000-04-01",
  "2000-07-01",
  "2000-10-01",
  "2001-01-01",
  "2001-04-01",
  "2001-07-01",
  "2001-10-01",
  "2002-01-01",
  "2002-04-01",
  "2002-07-01",
  "2002-10-01",
  "2003-01-01",
  "2003-04-01",
  "2003-07-01",
  "2003-10-01",
  "2004-01-01",
  "2004-04-01",
  "2004-07-01",
  "2004-10-01",
  "2005-01-01",
  "2005-04-01",
  "2005-07-01",
  "2005-10-01",
  "2006-01-01",
  "2006-04-01",
  "2006-07-01",
  "2006-10-01",
  "2007-01-01",
  "2007-04-01",
  "2007-07-01",
  "2007-10-01",
  "2008-01-01",
  "2008-04-01",
  "2008-07-01",
  "2008-10-01",
  "2009-01-01",
  "2009-04-01",
  "2009-07-01",
  "2009-10-01",
  "2010-01-01",
  "2010-04-01",
  "2010-07-01",
  "2010-10-01",
  "2011-01-01",
  "2011-04-01",
  "2011-07-01",
  "2011-10-01",
  "2012-01-01",
  "2012-04-01",
  "2012-07-01",
  "2012-10-01",
  "2013-01-01",
  "2013-04-01",
  "2013-07-01",
  "2013-10-01",
  "2014-01-01",
  "2014-04-01",
  "2014-07-01",
  "2014-10-01",
  "2015-01-01",
  "2015-04-01",
  "2015-07-01",
  "2015-10-01",
  "2016-01-01",
  "2016-04-01",
  "2016-07-01",
  "2016-10-01",
  "2017-01-01",
  "2017-04-01",
  "2017-07-01",
  "2017-10-01",
  "2018-01-01",
  "2018-04-01",
  "2018-07-01",
  "2018-10-01",
  "2019-01-01",
  "2019-04-01",
  "2019-07-01",
  "2019-10-01",
  "2020-01-01",
  "2020-04-01",
  "2020-07-01",
  "2020-10-01",
  "2021-01-01",
  "2021-04-01",
  "2021-07-01",
  "2021-10-01",
  "2022-01-01",
  "2022-04-01",
  "2022-07-01",
  "2022-10-01",
  "2023-01-01",
  "2023-04-01",
  "2023-07-01",
  "2023-10-01",
  "2024-01-01",
  "2024-04-01",
  "2024-07-01",
  "2024-10-01",
  "2025-01-01",
  "2025-04-01",
  "2025-07-01",
  "2025-10-01",
  "2026-01-01"
 ],
 "series": {
  "usd": {
   "name": "usd",
   "label": "US dollar credit (bank loans and bonds) to Indian non-bank borrowers, US$ billion",
   "bis_key": "Q.USD.IN.N.A.I.B.USD",
   "unit": "usd_bn",
   "data": [
    9.559,
    9.585,
    10.086,
    9.537,
    9.133,
    8.838,
    8.349,
    7.899,
    7.596,
    7.288,
    7.457,
    7.362,
    7.097,
    7.331,
    7.756,
    7.624,
    9.856,
    11.026,
    11.153,
    11.905,
    13.562,
    14.044,
    15.268,
    15.991,
    19.559,
    22.953,
    23.501,
    25.306,
    28.696,
    33.042,
    34.761,
    38.981,
    43.372,
    45.789,
    45.855,
    47.187,
    48.119,
    46.312,
    48.651,
    50.711,
    53.249,
    56.482,
    59.809,
    62.336,
    62.39,
    67.409,
    71.244,
    69.005,
    73.283,
    76.38,
    76.458,
    81.986,
    83.298,
    82.537,
    79.253,
    83.966,
    86.14,
    86.441,
    86.338,
    83.146,
    83.025,
    87.303,
    89.043,
    110.242,
    113.428,
    109.188,
    106.95,
    107.01,
    106.446,
    101.629,
    106.302,
    108.592,
    109.266,
    106.623,
    108.538,
    109.507,
    115.71,
    120.203,
    126.768,
    132.627,
    141.856,
    136.856,
    129.098,
    126.574,
    133.011,
    134.159,
    137.444,
    136.739,
    140.45,
    138.842,
    137.435,
    134.092,
    129.96,
    128.886,
    126.327,
    122.996,
    121.428,
    120.254,
    125.249,
    123.214,
    123.951,
    120.144,
    118.907,
    118.226,
    117.643
   ]
  },
  "usd_bank_loans": {
   "name": "usd_bank_loans",
   "label": "US dollar bank loans to Indian non-bank borrowers, US$ billion",
   "bis_key": "Q.USD.IN.N.B.I.G.USD",
   "unit": "usd_bn",
   "data": [
    6.487,
    6.548,
    7.049,
    6.5,
    6.117,
    5.931,
    5.592,
    5.142,
    4.989,
    4.581,
    4.85,
    4.752,
    4.557,
    4.791,
    5.116,
    5.034,
    6.768,
    7.188,
    7.107,
    7.26,
    8.29,
    8.272,
    8.554,
    8.605,
    10.33,
    11.675,
    11.818,
    12.786,
    14.07,
    16.844,
    16.738,
    19.934,
    24.155,
    26.549,
    26.714,
    27.128,
    28.448,
    27.427,
    29.119,
    29.476,
    31.634,
    35.031,
    39.293,
    42.403,
    43.284,
    49.777,
    52.168,
    50.593,
    56.73,
    61.679,
    63.154,
    67.793,
    67.556,
    66.219,
    61.936,
    66.648,
    68.424,
    67.192,
    65.287,
    62.592,
    60.733,
    62.436,
    63.376,
    84.775,
    87.881,
    83.635,
    79.377,
    78.403,
    77.385,
    71.323,
    74.976,
    75.271,
    75.045,
    72.887,
    74.673,
    72.742,
    74.936,
    75.196,
    77.774,
    80.018,
    80.602,
    76.324,
    68.31,
    66.561,
    66.213,
    67.274,
    68.447,
    67.75,
    66.548,
    66.559,
    66.203,
    65.867,
    62.238,
    61.726,
    60.865,
    59.449,
    60.105,
    59.081,
    66.839,
    65.344,
    66.118,
    65.061,
    63.158,
    62.027,
    61.165
   ]
  },
  "eur": {
   "name": "eur",
   "label": "Euro credit to Indian non-bank borrowers, € billion",
   "bis_key": "Q.EUR.IN.N.A.I.B.EUR",
   "unit": "eur_bn",
   "data": [
    4.167,
    4.004,
    4.066,
    4.048,
    4.05,
    3.983,
    3.941,
    3.892,
    3.907,
    3.825,
    3.667,
    3.674,
    3.633,
    3.57,
    3.531,
    3.428,
    3.472,
    3.385,
    3.238,
    3.313,
    3.14,
    3.238,
    3.368,
    3.238,
    3.632,
    3.77,
    3.711,
    3.706,
    3.711,
    3.874,
    3.883,
    3.891,
    3.93,
    3.856,
    4.115,
    4.221,
    4.293,
    4.261,
    2.433,
    2.484,
    2.668,
    2.684,
    2.882,
    2.896,
    2.739,
    2.811,
    3.044,
    4.522,
    5.245,
    4.417,
    4.039,
    3.628,
    4.387,
    4.19,
    4.429,
    4.344,
    4.574,
    4.828,
    5.391,
    5.807,
    5.773,
    5.238,
    5.29,
    6.106,
    6.341,
    6.076,
    6.205,
    6.524,
    7.735,
    7.705,
    8.022,
    8.031,
    8.649,
    8.58,
    9.346,
    9.369,
    9.896,
    10.569,
    11.403,
    11.819,
    12.99,
    12.917,
    12.492,
    12.437,
    12.653,
    12.804,
    12.53,
    12.244,
    12.325,
    12.276,
    12.351,
    12.542,
    12.837,
    12.753,
    13.101,
    12.054,
    12.294,
    12.522,
    13.252,
    13.748,
    14.101,
    14.784,
    14.715,
    14.415,
    14.307
   ]
  },
  "jpy": {
   "name": "jpy",
   "label": "Yen credit to Indian non-bank borrowers, ¥ billion",
   "bis_key": "Q.JPY.IN.N.A.I.B.JPY",
   "unit": "jpy_bn",
   "data": [
    72.095,
    70.934,
    62.391,
    66.875,
    55.922,
    63.992,
    67.697,
    64.123,
    64.216,
    69.202,
    82.41,
    73.896,
    82.049,
    98.541,
    104.791,
    92.386,
    114.568,
    98.578,
    94.402,
    118.212,
    122.778,
    125.991,
    151.151,
    171.598,
    262.621,
    346.886,
    373.739,
    428.341,
    480.32,
    506.716,
    563.154,
    619.233,
    701.929,
    776.797,
    798.283,
    881.004,
    854.9,
    753.398,
    698.523,
    691.631,
    658.534,
    690.684,
    685.062,
    627.824,
    583.891,
    562.052,
    541.336,
    529.098,
    597.248,
    608.622,
    601.215,
    509.442,
    526.254,
    535.77,
    543.393,
    701.35,
    670.331,
    608.321,
    594.944,
    564.706,
    636.397,
    686.816,
    601.201,
    621.402,
    517.677,
    526.091,
    535.603,
    566.884,
    571.258,
    631.324,
    477.841,
    473.411,
    418.55,
    501.121,
    539.383,
    484.644,
    574.128,
    517.38,
    542.713,
    522.772,
    444.481,
    590.558,
    490.61,
    528.891,
    519.91,
    461.769,
    459.027,
    447.813,
    465.726,
    467.858,
    442.246,
    480.756,
    478.945,
    521.506,
    588.005,
    602.349,
    709.141,
    785.552,
    796.291,
    826.9,
    868.667,
    926.701,
    954.487,
    972.547,
    1095.686
   ]
  },
  "usd_yoy": {
   "name": "usd_yoy",
   "label": "US dollar credit, % change on a year ago",
   "bis_key": "Q.USD.IN.N.A.I.B.771",
   "unit": "pct_yoy",
   "data": [
    -15.84,
    -13.9,
    -6.83,
    -10.26,
    -3.88,
    -7.24,
    -16.72,
    -17.35,
    -17.11,
    -17.81,
    -10.98,
    -6.8,
    -6.71,
    0.43,
    3.85,
    2.76,
    19.19,
    29.08,
    23.42,
    34.84,
    36.63,
    26.49,
    36.74,
    34.45,
    43.88,
    63.03,
    52.64,
    56.61,
    46.72,
    43.95,
    47.91,
    53.95,
    51.06,
    39.21,
    32.52,
    21.34,
    11.21,
    0.86,
    5.2,
    6.85,
    10.03,
    21.04,
    22.71,
    22.82,
    17.07,
    19.46,
    19.23,
    10.7,
    15.16,
    11.29,
    5.41,
    16.71,
    13.89,
    8.08,
    3.7,
    2.69,
    3.67,
    4.99,
    9.19,
    -0.74,
    -3.37,
    -2.09,
    -0.02,
    -1.11,
    1.89,
    -3.54,
    -7.37,
    -3.01,
    -6.2,
    -6.96,
    -0.78,
    0.95,
    2.07,
    4.32,
    1.66,
    0.83,
    5.9,
    12.73,
    16.79,
    21.11,
    22.6,
    13.85,
    1.84,
    -4.56,
    -6.23,
    -1.97,
    6.47,
    8.03,
    6.08,
    3.97,
    0.45,
    -1.49,
    -7.49,
    -7.18,
    -8.09,
    -8.28,
    -6.55,
    -6.6,
    -0.75,
    0.44,
    2.34,
    0.07,
    -4.91,
    -4.05,
    -5.18
   ]
  },
  "eur_yoy": {
   "name": "eur_yoy",
   "label": "Euro credit, % change on a year ago",
   "bis_key": "Q.EUR.IN.N.A.I.B.771",
   "unit": "pct_yoy",
   "data": [
    -3.47,
    -7.76,
    -5.01,
    -4.37,
    -2.63,
    -0.32,
    -2.91,
    -3.86,
    -3.54,
    -3.99,
    -6.93,
    -5.6,
    -7.07,
    -6.74,
    -3.78,
    -6.76,
    -6.44,
    -7.15,
    -10.24,
    -5.38,
    -9.55,
    -4.46,
    4.17,
    -1.48,
    16.54,
    17.45,
    10.88,
    14.41,
    2.19,
    2.76,
    4.61,
    4.98,
    5.89,
    2.06,
    8.68,
    11.26,
    12.04,
    10.53,
    4.63,
    4.12,
    9.93,
    10.95,
    17.9,
    16.95,
    3.03,
    5.53,
    6.46,
    56.15,
    37.21,
    8.03,
    -8.75,
    -44.82,
    -19.71,
    -4.99,
    9.8,
    17.72,
    2.48,
    13.13,
    19.83,
    29.62,
    22.38,
    4.09,
    -6.11,
    -5.76,
    -1.55,
    5.09,
    6.26,
    6.83,
    21.87,
    26.69,
    29.18,
    23,
    11.88,
    11.36,
    16.5,
    16.65,
    14.33,
    23.16,
    21.98,
    26.14,
    31.28,
    22.22,
    9.56,
    5.24,
    -2.6,
    -0.88,
    0.3,
    -1.56,
    -2.59,
    -4.11,
    -1.17,
    2.7,
    4.44,
    4.15,
    6.07,
    -3.89,
    -4.43,
    -1.79,
    1.12,
    13.72,
    14.61,
    17.71,
    10.76,
    4.85,
    1.46
   ]
  },
  "jpy_yoy": {
   "name": "jpy_yoy",
   "label": "Yen credit, % change on a year ago",
   "bis_key": "Q.JPY.IN.N.A.I.B.771",
   "unit": "pct_yoy",
   "data": [
    -31.63,
    -35.16,
    -27.36,
    -30.79,
    -22.01,
    -9.29,
    9.09,
    -4.76,
    14.82,
    8.12,
    21.72,
    15.25,
    27.78,
    42.42,
    27.17,
    25.03,
    0.15,
    -28.25,
    -35.39,
    -8.22,
    7.25,
    28.91,
    63.56,
    48.87,
    118.82,
    179.23,
    147.55,
    148.75,
    82.54,
    45.9,
    50.52,
    44.48,
    46.08,
    38.71,
    28.27,
    23.59,
    5.82,
    -6.9,
    -16,
    -21.5,
    -22.99,
    -8.51,
    -2.13,
    -7.22,
    -9.36,
    -16.67,
    -19.08,
    -15.75,
    -14.87,
    -14.31,
    -12.11,
    -23.83,
    -16.25,
    -12,
    -9.73,
    37.85,
    27.55,
    13.7,
    9.74,
    -17.82,
    -3.11,
    14.01,
    2.04,
    8.69,
    -19.66,
    -23.54,
    -11.08,
    -8.78,
    10.35,
    19.99,
    -10.8,
    -16.51,
    -26.59,
    -20.61,
    12.91,
    2.41,
    36.93,
    3.26,
    0.73,
    7.97,
    -22.51,
    14.25,
    -9.6,
    1.17,
    17,
    -21.79,
    -6.42,
    -15.31,
    -10.4,
    1.35,
    -3.63,
    7.38,
    2.09,
    10.64,
    31.97,
    24.36,
    47.93,
    50.63,
    35.42,
    32.81,
    18.59,
    14.12,
    15.96,
    17.61,
    26.13
   ]
  }
 }
}