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Gold loans nearly double year-on-year, driving bank credit surge in Q1 FY27

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Gold loans emerged as a key driver of bank credit growth in the first quarter of FY27, expanding by 93.8% year-on-year. Overall bank credit crossed a significant milestone during this period, reflecting broad-based momentum. Credit to industry recorded its strongest first-quarter growth in recent years. Vehicle loans and lending to medium enterprises also posted solid gains during the quarter.

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Gold loans nearly double year-on-year, driving bank credit surge in Q1 FY27 · ShortSingh