Gold-backed lending glows in banks' retail books: RBI data
Gold-backed lending glows in banks' retail books: RBI data
Gold loans are surprisingly leading retail credit growth, soaring 128.5% year-on-year. This surge, partly due to reclassification, now forms a significant portion of personal loans. While housing and vehicle loans also saw healthy increases, unsecured lending grew at a slower pace, indicating a shift towards secured borrowing in the retail credit landscape.
Gold loans are surprisingly leading retail credit growth, soaring 128.5% year-on-year. This surge, partly due to reclassification, now forms a significant portion of personal loans. While housing and vehicle loans also saw healthy increases, unsecured lending grew at a slower pace, indicating a shift towards secured borrowing in the retail credit landscape.
Gold loans are surprisingly leading retail credit growth, soaring 128.5% year-on-year. This surge, partly due to reclassification, now forms a significant portion of personal loans. While housing and vehicle loans also saw healthy increases, unsecured lending grew at a slower pace, indicating a shift towards secured borrowing in the retail credit landscape. 
