New Delhi, May 20 -- India's retail lending market continued to expand in Q4 FY26, though growth moderated sequentially to 4.6 per cent quarter-on-quarter, with gold loans emerging as the biggest driver as lenders increasingly shifted toward secured and collateral-backed credit, according to CRIF High Mark's latest "How India Lends - Credit Landscape in India" report.

The report said total retail loans outstanding reached Rs 170.2 lakh crore as of March 2026, registering a 16.6 per cent year-on-year growth and a 4.6 per cent quarter-on-quarter increase. Consumption loans grew 15.3 per cent year-on-year to Rs 118.6 lakh crore.

The report highlighted that growth in the retail credit market is increasingly shifting toward secured lending, ...