New Delhi, Jan. 28 -- Public sector (PSU) banks have further consolidated their dominance in India's gold loan market, even as gold-loan-focused non-banking financial companies (NBFCs) steadily expand their presence in terms of borrower volumes, according to CRIF High Mark's latest CreditScape: Gold Loans in India report on Wednesday.

As of November 2025, PSU Banks accounted for nearly 60% of the total gold loan portfolio outstanding, strengthening their leadership position over the past two years. Their growing share reflects a strategic tilt towards secured lending, as banks prioritise strong collateral amid elevated gold prices and a cautious broader credit environment, the report said.

In contrast, gold-loan-focused NBFCs, while hol...