National News
Gold Loans Emerge As India’s Second-Largest Retail Credit Segment: TransUnion CIBIL
Demographics Are Also Shifting, With Gen Z Accounting For 20% Of Total Demand.
Gold loans have emerged as India’s second-largest retail credit segment after housing loans, driven by surging gold prices and formal lending growth, according to TransUnion CIBIL data presented at the Global Fintech Fest 2026.
Speaking at the Global Fintech Fest 2026, Bhavesh Jain, MD & CEO of TransUnion CIBIL, said the growth in gold-backed borrowing was being accompanied by a notable shift in the profile of borrowers.
However, credit profiles reveal underlying stress: 20% of gold loan borrowers hold an existing non-performing asset (NPA) on other credit products, such as personal loans, auto loans, or credit cards. Despite cross-segment defaults, gold loan delinquencies remain low at approximately 0.3%.
Demographics are also shifting, with Gen Z accounting for 20% of total demand. TransUnion CIBIL MD & CEO Bhavesh Jain noted that traditional NBFCs lead credit expansion, onboarding roughly half of all new-to-credit borrowers ahead of fintechs and banks.
National News
Deepa Jewellers Lists At Rs 221, A 25% Premium
The Offer Was Subscribed 42.61 Times, Led By Non-Institutional Investors (105.96x), Qualified Institutional Buyers (37x), and Retail Investors (18.55x)
Shares of Hyderabad-based Deepa Jewellers made a strong stock market debut on Sept. 8, listing at a nearly 25% premium to their issue price following high demand for its Rs 459.72-crore ($55 million) initial public offering.
The stock opened at Rs 221 on the National Stock Exchange (NSE) and Rs 221.05 on the BSE, compared to the offer price of Rs 177.
Oversubscribed: The offer was subscribed 42.61 times, led by non-institutional investors (105.96x), qualified institutional buyers (37x), and retail investors (18.55x).
Capital Deployment: Proceeds from the Rs 250-crore fresh issue component will primarily fund long-term working capital (Rs 215 crore) to scale inventory. The IPO also included an offer for sale worth Rs 209.72 crore.
Financials: The B2B 22-carat gold jewellery supplier reported FY26 revenue of Rs 1,926.68 crore, up from Rs 1,397.01 crore in FY25. Net profit surged 158% year-on-year to Rs 104.79 crore.
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