Gold Loan Market Set to Cross ₹30 Lakh Crore by FY28 as NBFCs Gain Share, But Rising NPAs Raise Concerns. India's gold loan industry is on track for unprecedented growth, with the market expected to expand by more than 30% and cross ₹30 lakh crore by March 2028. The sector is benefiting from rising gold prices, increasing demand for secured credit and the entry of new banks and financial institutions.However, alongside this promising growth outlook, industry experts are cautioning that the shift from traditional bullet repayment loans to monthly EMI-based repayment models could lead to higher non-performing assets (NPAs), creating new challenges for lenders.As banks and non-banking financial companies (NBFCs) compete for a larger share of the expanding market, maintaining asset quality will become just as important as driving loan growth. India's Gold Loan Market Enters a New Growth Phase Gold loans have become one of the fastest-growing segments in India's retail lending i...
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