Finance
EnglishGold Loans Soar: 90% Growth Sparks Credit Excitement!
In Q3 FY26, gold loans have skyrocketed with a jaw-dropping growth of 90.3%, reaching a whopping total of ₹162.7 lakh crore! Vehicle loans are also zooming ahead, with two-wheeler loans up by 46.7% and auto loans by 22.1%. This trend shows that even rural areas are getting in on the action, proving that gold is the new favorite for loans!
few days ago | Sunainaa Chadha
Quick rundown
1.Gold loans are the new heavyweight in India's retail credit market.
2.Auto loans surged due to GST changes and festive demand.
3.Big-ticket loans are becoming more popular in India.
4.PSU banks lead in home loans, while NBFCs dominate personal loans.
5.India's borrowing is growing responsibly with improved asset quality.
