Finance
Sock JohnsonGold Loans Crush It with 94% Growth in Q3 FY26, Says Equifax
Listen up, folks! Gold loans are absolutely crushing it, skyrocketing 94% to an astonishing Rs 8.16 trillion in Q3 FY26! Private banks flexed with a 65.75% rise, while the NBFCs delivered a jaw-dropping 189% spike! Borrowers are choosing gold over other credit options like champions. But hold your horses, gold loans alone can't hold the title forever!
few days ago | Aathira Varier
Quick rundown
1.Gold loan disbursements soared 94% YoY to Rs 8.16 trillion in Q3 FY26.
2.Private sector banks saw a 65.75% YoY rise in gold loans.
3.NBFCs experienced a staggering 189% YoY growth in gold loans.
4.PSBs accounted for 46% of total gold loan disbursements.
5.Credit cards saw a contraction in volumes despite improved asset quality.
