New Delhi, Nov. 6 -- Gold loan growth in the banking sector stood at 83 per cent year-on-year in October, significantly higher than core retail credit growth, despite some moderation in monthly disbursements, according to a report by Dolat Capital.

The report said that although gold loan disbursements have moderated on a month-on-month basis, the segment continues to record strong annual growth, making it one of the key drivers of bank credit expansion.

Overall, credit growth in the banking system stood at 18.2 per cent year-on-year in October, while deposit growth was lower at 16.7 per cent as of October 15. Lending to non-banking financial companies (NBFCs), small and medium enterprises (SMEs) and corporates has also increased, contri...