Gold Loans
Price trends, demand-supply drivers and analysis for Gold Loans. Tracking 4 stories on Arth Vani.
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Latest on Gold Loans
BreakingGold Loans Surge 69% as NBFC Retail Credit Growth Hits 22%, RBI Data Shows
Non-Banking Financial Companies (NBFCs) recorded a 22% growth in retail credit, driven by a massive 69% spike in gold loans. The Reserve Bank of India's latest report highlights a shift in consumer borrowing patterns as NBFCs expand their reach in the retail segment.
BreakingNBFC Gold Loans Surge 68.5%, Consumer Durable Loans Jump 51.5% in July: RBI
Non-Banking Financial Company (NBFC) gold loans saw a significant 68.5% year-on-year increase in July, while consumer durable loans grew by 51.5% during the same period, according to recent data from the Reserve Bank of India (RBI). This growth highlights increasing demand for quick credit solutions and discretionary spending among Indian consumers.
BreakingIndian Bank to Open 100 New Branches and Hire 2,500 Staff in Major Western Push
Public sector lender Indian Bank has announced a major expansion plan to open 100 new branches and recruit 2,500 employees this year. The bank is shifting its focus toward the Central and Western regions of India while targeting a ₹1.5 lakh crore gold loan portfolio.
Indian Bank Gold Loan Book to Hit ₹1.5 Lakh Crore by FY27
Indian Bank anticipates its gold loan portfolio will exceed ₹1.5 lakh crore by the end of the current financial year, driven by strong demand and increased loan volumes. The bank also reported healthy CASA deposit growth and successfully raised USD 400 million via overseas bonds.
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