Gold loans surge in Retail Mix; NBFCs outpace banks in market share gains: Experian report

According to Experian's 'Gold Loans in Transition' report, gold loans' share in overall retail credit sourcing rose sharply from 18% in FY23 to 41% in FY26, emerging as a key driver of retail credit growth. NBFCs are outpacing banks, with their gold loan sourcing market share doubling to 44% over the last six quarters, while PSU banks' share fell to 37% from 53% and finance companies' AUM share doubled to 20% over four years. The report also noted a migration towards higher-value loans averaging around Rs 3 lakh, driven by rising ticket sizes and wider geographic adoption.