NBFCs strike gold: Jewellery-backed loans jump 70%
Outstanding loans by non-banking financial companies (NBFCs) against gold jewellery surged by 69.9% to ₹3.29 lakh crore by May 2026, significantly outpacing the 19.5% growth in overall retail loans. This growth reflects a rising preference for secured lending amid high gold prices, with gold loans accounting for a larger share of retail credit. The trend supports financial inclusion by allowing households to leverage their gold assets for accessible finance.