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NBFC Retail Credit Surges as Gold Loans Lead Growth
Non-banking finance companies gave out much more retail credit in July 2026.
Their total retail loans grew by 21.4% compared with the same month a year earlier.
The total amount reached Rs 26.06 lakh crore.
Loans backed by gold jewellery grew the fastest.
These gold loans increased by 68.5% to Rs 3.54 lakh crore.
Financing for consumer durables was another rapidly growing segment.
Gold-backed loans can give people quick access to money, especially when they cannot easily get unsecured loans.
The figures come from data released by the Reserve Bank of India.
NBFC retail credit, including housing finance companies, rose 21.4% year-on-year in July 2026.
Outstanding retail loans increased to Rs 26.06 lakh crore from Rs 21.46 lakh crore a year earlier.
Gold-backed loans grew 68.5% year-on-year to Rs 3.54 lakh crore.
Consumer durable financing and gold loans were the fastest-growing retail credit segments.
Retail credit growth in July 2026 exceeded the 13.7% growth recorded in July 2025.
- Who
- Non-banking financial companies, including housing finance companies, as reported by the Reserve Bank of India.
- What
- Retail credit rose 21.4% year-on-year, led by gold-backed loans and consumer durable financing.
- Where
- The article does not specify a location; the figures are from Reserve Bank of India data.
- When
- July 2026, compared with July 2025.
- Why
- Gold loans and consumer durable financing were the fastest-growing segments, while gold-backed lending provides quick access to funds for some borrowers.
Key facts
- Retail credit growth
- 21.4% year-on-year in July 2026
- Retail loan balance
- Rs 26.06 lakh crore in July 2026
- Previous retail credit growth
- 13.7% in July 2025 over July 2024
- Gold loan growth
- 68.5% year-on-year
- Gold loan balance
- Rs 3.54 lakh crore in July 2026
- Gold loan balance a year earlier
- Rs 2.10 lakh crore in July 2025
- Other fast-growing segment
- Consumer durable financing
Sources
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