Gold loan boom: 3,000 new branches to open in India in 12 months

ET | Nov 25, 2025, 08:21:00 AM IST | Kolkata: India's gold loan market is set for a big boost with non-bank lenders planning to add about 3,000 branches in the next 12 months or so exclusively for lending against jewellery. The market, dominated by state-owned banks, swelled 36% year-on-year to Rs 14.5 lakh crore at the end of September.

The branch expansion, according to sectoral heads, is the biggest such annual exercise. Lenders are opening dedicated gold branches to tap the emerging opportunity as well as extending the secured loan product to their existing outlets.

The demand for gold loans is rising like never before with many people failing to get unsecured micro loans are looking up to gold loan lenders to meet their fund requirement,” George Alexander Muthoot, managing director of India's largest gold loan company Muthoot Finance told ET.

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Source: https://m.economictimes.com/industry/banking/finance/gold-loan-boom-3000-new-branches-to-open-in-india-in-12-months/amp_articleshow/125549277.cms