RBI Deputy Governor S S Mundra today said that historical correlation between GDP growth and banks' credit expansion is fast eroding due to proliferation of other institutions. <br/><br/>Addressing the SBI Banking and Economics Conclave in Mumbai, Mr. Mundra said that share of non-bank sources like NBFCs, Housing Finance Companies, Commercial Papers and bonds has increased considerably in the last couple of years. <br/><br/>He informed that total credit dispensed by the non-bank entities has increased to 37.40 percent in last two years, which is twice the pace of growth reported by banks.<br/><br/>RBI Deputy Governor however, added that banks will continue to remain the mainstay of Indian economy. He said that revival in private sector investments and lower inflation will push loan demand adding that infrastructure sector will continue to require maximum credit in the coming years. <br/><br/>Mr. Mundra said lenders will have make a slew of changes to regain their share which will prominently include tiding over the asset quality stress.