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Gold loans, consumer durables drive NBFC credit growth to 14.9% in July
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 consumer durable loans grew 51.5 percent. Retail loans within NBFCs increased 21.4 percent, showing strong performance. Housing and vehicle loans also recorded significant year-on-year growth.
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economictimes.indiatimes.com
Gold lending industry to witness nearly 28% CAGR over FY26-28E: Motilal Oswal Report
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…
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Gold loans, consumer durables drive NBFC credit growth to 14.9% in July
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…
