CHENNAI/MUMBAI: Banks are strengthening branch-level gold loan capabilities by adding appraisers, investing in testing equipment and digitising processing as demand surges and lenders challenge NBFCs that dominate the market.

Non-Banking Financial Company gold loans surged significantly by June 2026. Retail credit remained the primary driver for NBFC lending growth. Housing and vehicle loans also…

Non-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June 2026, outpacing overall retail loan…