MONEY
NBFCs’ gold loans grow nearly 70% in June, rising the highest within retail segment
- IBJ Bureau
- Aug 09, 2026
Gold-backed lending by non-banking financial companies (NBFCs) continued to grow at nearly 70 per cent year-on-year (YoY) in June 2026, extending the sharp expansion seen in the previous month, according to data released by the Reserve Bank of India (RBI).
Outstanding NBFC loans against gold jewellery rose by 69.3 per cent YoY to Rs 3.41 lakh crore at the end of June 2026 after recording 69.9 per cent growth in May.
The latest numbers indicate that the strong growth in gold-backed lending has continued into June, with loans against gold jewellery growing significantly faster than the overall retail loan portfolio of NBFCs.
Retail loans grew by 20.3 per cent YoY in June 2026 accelerating from 14.3 per cent growth a year earlier.
“Within retail loans, housing, vehicle and loans against gold jewellery segments displayed robust credit growth,” the RBI has said in its report on sectoral deployment of credit.
According to the accompanying RBI data, outstanding retail loans increased to around Rs 25.62 lakh crore in June 2026 from Rs 21.29 lakh crore a year earlier.
Within retail lending, housing loans grew by 11.4 per cent YoY to around Rs 8.44 lakh crore, while vehicle loans increased by 15.2 per cent to around Rs 6.24 lakh crore.
Consumer durable loans recorded a sharper 46.8 per cent rise to Rs 72,201 crore.
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