NBFCs see significant gold loan growth, outpacing banks
· rediff.com
Non-banking financial companies (NBFCs) experienced a significant 68.5 per cent year-on-year growth in gold-backed credit in July 2026, while banks saw their gold loan growth moderate to 88.1 per cent from 136.4 per cent a year prior, according to RBI data.
Non-banking financial companies are witnessing a remarkable surge in gold-backed credit, with a 68.5 per cent year-on-year growth in July 2026, significantly ou...