RBI data shows NBFC credit to gold jewellery jumps 66.1%
In short
In September 2026, NBFC lending to gold jewellery rose 66.1% to Rs 3.74 lakh crore.
Credit to consumer durables also rose 54.4% to Rs 77,896 crore, while total NBFC credit grew 15.4% to Rs 61.69 lakh crore. The numbers show stronger lending in these areas.
What the reporting says
In September 2026, non-banking finance companies’ credit to gold jewellery rose 66.1% to Rs 3.74 lakh crore, while credit to consumer durables climbed 54.4% to Rs 77,896 crore. RBI data also showed overall NBFC credit growth at 15.4%, totaling Rs 61.69 lakh crore. The figures point to strong lending growth in these retail-linked segments.
Why it matters
RBI data for September 2026 showed a sharp rise in non-banking finance companies’ credit to gold jewellery and consumer durables. Gold jewellery credit increased 66.1% to Rs 3.74 lakh crore, and consumer durables credit rose 54.4% to Rs 77,896 crore. Overall NBFC credit grew 15.4% to Rs 61.69 lakh crore, highlighting stronger retail lending activity in these segments.