Topic
gold loans
Finance Gold loans jump 93.8% y-o-y, fuel bank credit growth in Q1FY27
According to Business Today, gold loans expanded 93.8% year-on-year at end-June 2026, accounting for 13.1% of incremental non-food credit. Overall bank credit rose 18.6% to Rs 219.3 lakh crore, led by industry (19.2%) and services (21.4%) growth.
Finance Gold loans surge over 50% in FY26 on larger ticket sizes, shift from unsecured credit
Gold loans in India surged over 50% in FY26, driven by larger loan sizes for existing borrowers and a shift from unsecured credit products. According to Icra, rising gold prices enabled higher collateral valuation. NBFCs increased their market share to 22%, while Canara Bank's non-agri gold loan book crossed Rs 1 lakh crore. The number of borrowers grew only 3.1%, indicating growth came from existing clients.
Finance RBI Stress Test: Indian Banks Pass, But Gold Loan and Private Credit Risks Flagged
The RBI's bi-annual Financial Stability Report reveals that Indian banks' capital adequacy remains above regulatory minimums under stress scenarios, though gross NPA ratios are projected to rise to 3.8-4.1% by March 2028. The central bank also flagged risks from gold loans and private credit, while governor Sanjay Malhotra cited strong growth and low inflation as supporting macro-financial stability.
Finance Gold Loans Surge 105.5% as Services Credit Outpaces Personal Loan Growth in India
Gold loans in India grew 105.5% year-on-year to Rs 5.1 lakh crore as of May 2026, driving their share within personal loans to 7.3%. Meanwhile, services credit expanded 20.4%, led by a 33.7% surge in NBFC lending, surpassing personal loan growth of 15.4% and reducing the share of personal loans in total bank credit to 32.6%.
Finance Gold loans surge 84% in FY26, emerge as mainstream credit driver: Experian
Gold loans are now one of India's fastest-growing retail credit products, with sourcing surging 84% year-on-year in FY26, according to Experian. The industry portfolio more than tripled to ₹19.4 lakh crore by March 2026, driven by rising gold prices and deeper market penetration. Asset quality also strengthened, with net 90+ delinquency improving to 0.2% from 0.4% three years earlier.
Finance More Measures on Gold Coming? Finance Ministry Asks Banks for Data on Metal Loans
India's Finance Ministry has directed bullion-importing banks to submit detailed information on gold metal loans (GMLs) and gold-backed loans from 2023 onwards, signaling potential new measures to curb gold imports. Despite lower import volumes, India's gold import bill rose 24% to a record $71.9 billion in 2025-26. The move follows an increase in import duty on gold to 15% and restrictions on silver imports.