National News
Gold-Backed Lending Surges A Staggering 94% y-o-y
A dramatic expansion in gold-backed credit and heavy-industry borrowing drove total bank credit past Rs 219 lakh crore in the June quarter
A dramatic surge in gold-backed borrowing combined with a revival in heavy industrial credit powered a sharp acceleration in Indian bank lending during the first quarter of fiscal 2027, signaling robust credit appetite across both household and corporate balance sheets.
Overall bank credit climbed 18.6% year-over-year to cross Rs 219.3 lakh crore by the end of June 2026, according to banking data. The growth was largely anchored by an unprecedented appetite for personal loans secured by gold, alongside the strongest first-quarter corporate borrowing trend in recent years.
Gold Loans Lead Retail Expansion
Gold-backed lending expanded by a staggering 93.8% year-over-year at the close of June. Lenders added Rs 74,171 crore in gold loans during the April–June quarter alone, pushing the banking system’s total gold-loan book to Rs 5.4 lakh crore.
The rush toward gold loans—a traditional fallback that has increasingly moved into formal banking channels—accounted for 13.1% of the Rs 5 lakh crore in total incremental non-food credit extended over the three-month period. That surge helped lift total non-food credit outstanding across the country to Rs 219.4 lakh crore.
Heavy Industry Rebounds
Alongside household borrowing, industrial demand saw a marked resurgence. Credit to the industrial sector jumped 19.2% year-over-year—its fastest first-quarter pace in recent history—adding Rs 1.9 lakh crore in new loans to take the overall industrial portfolio to Rs 47.7 lakh crore.
- Medium Enterprises: Led the corporate pack in growth rate, expanding advances by 30% to reach Rs 4.7 lakh crore.
- Large Corporations: Continued to absorb the bulk of capital, growing 16.6% to Rs 32.2 lakh crore.
The quarterly corporate expansion was concentrated in capital-intensive sectors. Petroleum, power, and engineering each recorded loan book expansions of around Rs 25,000 crore. Together, these three sectors generated 41% of all incremental bank credit extended during the quarter, underscoring renewed capital expenditure and operational funding in India’s core infrastructure and energy segments.
National News
This Diwali, Say It With A Candere: Thoughtful Gifting Picks From Candere By Kalyan
Versatile 9KT Gold and Lab-Grown Diamond Jewellery, Blending Contemporary Designs With Timeless Festive Gifting Appeal.
Some gifts go beyond the occasion, becoming cherished reminders of the people and moments that matter most. Diwali, a celebration of togetherness, gratitude and new beginnings, is the perfect time to express appreciation for loved ones with gifts that hold lasting meaning. And what better way to do so than with jewellery that can be worn, cherished and treasured for years to come?
This Diwali, Candere by Kalyan presents a curated selection of jewellery and keepsakes that make gifting more personal. From diamond designs that add sparkle to everyday moments and contemporary platinum pieces to a traditional gold coin, each offering brings its own sentiment to the art of gifting. With Say It With Candere, find a gift that reflects your bond with someone special and becomes a lasting reminder of the occasion.
Adding to the festive cheer, Candere by Kalyan is offering flat 30% off on diamond value and flat 15% off on making charges of platinum jewellery, valid until November 30. This Diwali, celebrate the people who matter with gifts that say more than words ever could.
Here’s a curated edit of Diwali gifts from Candere by Kalyan to make the occasion more memorable:
Product Description
Opaline Diamond Necklace  The Opaline Diamond Necklace offers a refined addition to a jewellery collection, with its diamond detailing and elegant silhouette. Designed to complement a range of looks, the necklace strikes a balance between understated sophistication and festive sparkle, making it a versatile choice for someone who enjoys timeless jewellery.
Catira Off White Pearl Diamond Earrings
Catira Off White Pearl Diamond EarringsThe Catira Off White Pearl Diamond Earrings combine the soft lustre of pearls with the brilliance of diamonds, creating a design that brings a touch of classic elegance to contemporary jewellery. Crafted in gold, these earrings feature detachable elements that allow them to be styled in more than one way, making them a versatile addition to a jewellery collection.
Anaka Diamond And Gemstone Ring
Make a statement this Diwali with the Anaka Diamond and Gemstone Ring by Candere. Featuring striking green gemstones encircled by brilliant diamonds, complemented by intricate detailing and a warm rose-gold finish, this bold design brings a touch of festive opulence to every celebration. Perfect for elevating traditional ensembles or adding a distinctive accent to contemporary looks, it is a statement-worthy pick for those who love to celebrate the season in style.
5 Gram 24K Om Gold Coin  For those who value the traditions associated with Diwali, the 5 Gram 24K Om Gold Coin makes for a meaningful festive gift. Bringing together the enduring significance of gold and the spiritual symbolism of Om, it reflects the wishes of prosperity and auspicious beginnings often associated with the festival. It can be gifted to parents, elders or loved ones as part of the Diwali tradition of welcoming prosperity into the home. More than a seasonal gesture, a gold coin is a keepsake that can be treasured over time, carrying the sentiment with which it was given. Â
Hayman Platinum and Diamond Kada
Combining platinum with diamond detailing, the Hayman Platinum and Diamond Kada offers a contemporary take on a classic jewellery form. Its refined design makes it a considered gift for someone who appreciates timeless accessories that can be worn across occasions
For someone who appreciates understated style, the Twynox Platinum Chain is a thoughtful Diwali gifting option. Its clean, versatile appeal makes it a piece that can be incorporated into everyday dressing, offering a subtle finishing touch without being limited to festive occasions.
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