India retail credit rises 15.8% in June as gold loans surge 93.8%
RBI data show retail credit reached Rs 71.14 trillion as of June 30, 2026. Gold loans led growth, while vehicle loans rose 17.3% and housing loans 11%; credit-card outstanding grew only 1.9%, indicating slower unsecured borrowing.
RBI data showed Indian retail credit rose 15.8% year-on-year in June 2026, with gold loans surging 93.8% and vehicle loans up 17.3%. Credit-card balances grew just 1.9%, signalling slower unsecured consumer borrowing despite broad lending expansion.
Why this matters
The retail-credit update follows RBI’s recent focus on currency operations, including approved trials of ₹10 and ₹20 polymer notes and stronger counterfeit-note checks at border-district branches.
Retail-company signals are accelerating, up 217933% QoQ.