The shine of gold increased the pace of banks! Gold loan became the ‘superhit’ product of January, leaving behind personal and car loans.

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Gold loans have become the first choice of borrowers more than personal and car loans. The figures are telling a similar story. According to recently released data, there has been a rise in loans against gold. The month of January has seen an increase of 128 percent year-on-year, whereas a year ago it was 91 percent. Let us also tell you what kind of information has emerged from the monthly data released by the Reserve Bank of India.

How much has the loan growth in which sector increased?

  • Loans to the renewable energy sector, which the Central Bank has deemed essential for banks, grew the second fastest, increasing by 62 per cent year-on-year compared to 40 per cent a year earlier.
  • Monthly sectoral data released by RBI showed that export credit fell by 17.2 per cent year-on-year, while it had increased by 7 per cent last year, reflecting the impact of trade uncertainties due to changes in US tariffs.
  • Overall non-food credit grew by 14 percent year-on-year, compared to 11 percent a year ago.
  • Retail loans continued to grow strongly, growing by 15 per cent year-on-year, compared to 12 per cent growth in January last year. ?
  • Education loans were the second fastest growing segment in retail, which grew by 14% in January 2026, compared to 16% growth in the same period a year ago.
  • The growth of the corporate sector increased to 12 percent, which was 8 percent growth a year ago. Gems & Jewelery and Engineering were the fastest growing sectors among the industries, with both growing at 36 per cent year-on-year.

credit growth more than deposit

In the fortnight ending February 15, bank credit grew by 13.6 per cent year-on-year, while deposits grew at a slower pace of 11.2 per cent. Data from the Reserve Bank of India showed that the credit-deposit ratio further increased to 82.47 percent.

However, both recent credit growth and deposit growth have declined compared to the print seen a fortnight ago. In the two weeks ending January 31, bank credit growth was recorded at 14.6 percent, while deposit growth was 12.5 percent.

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