Gold loans rise on larger ticket sizes, unsecured credit shift
Gold loans grew over 50% in FY26, driven by larger ticket sizes from existing borrowers and a shift from unsecured credit to secured gold financing.
Gold loans accounted for 22.4% of total consumer credit as of March 2026, becoming the second-largest retail credit segment after home loans.
NBFCs increased their share of the organised gold loan market to 22% in March 2026, with gold loans comprising 20% of their assets under management.
The number of gold loan borrowers grew only 3.1% in FY26 to 899.2 lakh, but higher collateral valuation per gram enabled existing borrowers to take larger loans.
Canara Bank's non-agri gold loan book crossed Rs 1 lakh crore in Q1FY27, and its MD expects continued strong growth due to branch concentration in South India.
Times of India
Center-right
Mixed factuality
Who owns this?
Times Group
Bennett, Coleman & Co. (Sahu Jain family)
India's largest newspaper group by circulation.
Wikipedia: Sahu Jain family