Central Bank of India targets ₹1.1 lakh crore gold loan book by 2027
In short
Central Bank of India wants to grow its gold loan book from ₹41,000 crore to ₹1.1 lakh crore by September 2027. The plan was described by MD & CEO Kalyan Kumar.
This matters for the bank’s lending business and for gold loan borrowers. The report does not say what steps the bank will take or whether the target has been approved internally.
What the reporting says
Central Bank of India plans to expand its gold loan portfolio from ₹41,000 crore to ₹1.1 lakh crore by September 2027, according to MD & CEO Kalyan Kumar. The report presents the figure as a growth target, not a completed outcome. It does not state how the bank will reach the goal or what risks may affect execution.
Why it matters
Central Bank of India plans to more than double its gold loan portfolio from ₹41,000 crore to ₹1.1 lakh crore by September 2027, as stated by MD & CEO Kalyan Kumar. The report points to a strategic lending expansion but does not explain the growth driver, pricing, or asset quality impact. The target is forward-looking and not yet achieved.