BusinessPhoto: NDTV BusinessRising Risks in India's Rs 21.7 Lakh Crore Gold Loan Market
India's gold loan market reached Rs 21.7 lakh crore by June 2026, but risks are growing. Piramal Finance highlighted that 15-23% of gold loan disbursements in the past year went to borrowers already 90+ days overdue on other loans. CEO Jairam Sridharan called this a "shockingly high number," estimating Rs 4.7 lakh crore lent to deeply delinquent borrowers in FY26, raising concerns for policymakers and stakeholders.
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