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Gold loan share in bank retail credit doubles to 6% in a year
Business Standard
|February 28, 2026
Loans against gold jewellery surged 128.8 per cent year-on-year (Y-o-Y) to nearly ₹4 trillion in January, mirroring the sharp rise in gold prices, latest Reserve Bank of India (RBI) data shows.
This compares with a little over 91 per cent growth in the segment in the same period last year, when the outstanding portfolio stood at ₹1.75 trillion.
Share of gold loans in overall retail loans of banks also doubled to 6 per cent in January, from 3 per cent in the year-ago month.
Overall retail loans grew 14.9 percent Y-0-Y to ₹67.23 trillion in January, compared with 4.2 percent growth a year ago.
Within retail, credit card outstanding growth moderated sharply to 1.5 per cent Yo-Y in January from 13 percent in the same month a year ago. Vehicle loans recorded healthy growth of 17 per cent Yo-Y. Housing loan growth, however, remained steady at 11 per cent.
Denne historien er fra February 28, 2026-utgaven av Business Standard.
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