Surge in gold loans partly reflects stress, say lenders
During the company’s Q2FY27 earnings, Piramal Finance MD & CEO Jairam Sridharan said 15% to 23% of gross gold loan disbursements across the industry over the past year went to customers already more than 90 days overdue. Piramal’s policy bars lending to such borrowers. According to RBI data, gold loans accounted for a third of incremental retail lending in Q1FY27.
