Finance
Mr. BillionhairGold Loans Soar 94%—Unbelievable Numbers, Folks!
Folks, listen up! Gold loans are soaring—up 94% YoY to a mind-blowing Rs 8.16 trillion! Private banks are winning big, and NBFCs are on fire with a staggering 189% surge. Everyone's ditching those boring loans for the shiny stuff! But hold on, this gold rush won't last forever. It's a wild ride, believe me!
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.
