India’s organised gold loan market to reach Rs 15 lakh crore in FY26: Report
NEW DELHI: India's organised gold loan market is expected to reach Rs 15 trillion (Rs 15 lakh crore) in the current financial year (FY26) -- a year ahead of earlier projections, a report said on Wednesday.
NEW DELHI: India's organised gold loan market is expected to reach Rs 15 trillion (Rs 15 lakh crore) in the current financial year (FY26) -- a year ahead of earlier projections, a report said on Wednesday.
Further, the market is anticipated to grow to Rs 18 trillion (Rs 18 lakh crore) by FY27, driven by rising gold prices, the report from credit ratings agency ICRA said.
A.M. Karthik, senior vice president and co-group head financial sector ratings, ICRA Limited, said that the slowdown in the growth of unsecured loans also contributed to the increase in the gold-loan assets managed by NBFCs.
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