Banking #gold loans#unsecured credit
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.
Jul 30, 2026 1 source
