Gold loans surge 94%, fuel bank credit growth in Q1

Gold loans grew 93.8% year-on-year to Rs 5.4 lakh crore by end-June 2026, driving a sharp acceleration in personal lending and overall bank credit. Gold loans accounted for 13.1% of the Rs 5 lakh crore incremental non-food credit in Q1FY27, while total bank credit rose 18.6% to cross Rs 219.3 lakh crore. Industry credit saw its strongest first-quarter growth in recent years, led by medium enterprises and NBFCs.