Gold Loans Ignite Q1FY27 Bank Credit Growth with Astounding 94% Surge
Gold loans propelled bank credit growth in Q1FY27 with an astounding 93.8% year-on-year surge. This, combined with strong performance in industrial, vehicle, and medium enterprise lending, signals a robust expansion across India's banking sector and an…
India’s Gold Loan Surge: Larger Ticket Sizes and a Strategic Shift from Unsecured Lending Fueling Growth
Gold loans are surging in India, driven by existing borrowers taking larger sums and a notable shift away from unsecured credit. This trend highlights a growing preference for secured financing options, with NBFCs playing a key role.