Gold Loans Double In Fy25 Despite Slowdown In Bank Credit Growth

business gold loans double in fy25 despite slowdown in bank credit growth

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Indians are increasingly using gold for credit. Bank loans against gold more than doubled by March 2025. Reserve Bank of India reports a 103% surge in gold loans. This makes it the fastest-growing loan category. This happened despite a slowdown in overall bank lending. Reclassification of agricultural loans and restrictions on NBFCs contributed to this rise.

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