NBFC Gold Loans Surge Nearly 70% Year-on-Year Amid Stricter RBI Rules

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Gold loans disbursed by non-banking financial companies grew nearly 70% year-on-year, far outpacing overall retail credit growth at these institutions. The Reserve Bank of India had introduced tighter regulations governing gold lending practices during this period. Despite increased regulatory scrutiny, demand for gold-backed borrowing remained strong among customers. Meanwhile, credit growth in the industry and services sectors showed signs of slowing down.

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