India's gold lending industry is projected to witness approximately 28 per cent compound annual growth rate (CAGR) over FY26-28E, driven by the formalisation of credit and low monetization of household holdings, according to a report by Motilal Oswal. The segment has now overtaken personal loans to rank as the second-largest consumer lending category for banks and non-banking financial companies (NBFCs), standing behind home loans.

India's gold lending industry is projected to witness approximately 28 per cent compound annual growth rate (CAGR) over FY26-28E, driven by the formalisation of credit and low…

Non-banking financial companies saw 14.9 percent credit expansion by July end. This growth accelerated from last year's 10.6 percent expansion. Gold loans surged 68.5 percent and…