National News
Lenders flag signs of stress in gold loans
Banks and financial companies have been rushing to offer these loans, believing that holding a borrower’s physical gold makes the investment safe and low-risk
Two major Indian companies—Bajaj Finance and Piramal Finance—are seeing early signs of trouble with gold loans. Over the past year, lending money against gold has been the fastest-growing part of their business.
Banks and financial companies have been rushing to offer these loans, believing that holding a borrower’s physical gold makes the investment safe and low-risk.
According to official data from the Reserve Bank of India:
Bank gold loans jumped 83% compared to last year, reaching 5.6 trillion rupees.
Non-bank gold loans grew 69%, rising to 3.6 trillion rupees.
Although overall default rates are still low, both companies are urging caution.
Bajaj Finance, which holds 240 billion rupees ($2.54 billion) in gold loans, reported an increase in late payments during its July–September results. The portion of loans overdue by 30 days or more (classified as ‘stage 2’ and ‘stage 3’ assets) rose by 15 basis points compared to the previous quarter.
The lender said overall assets classified as ‘stage 2’ and ‘stage 3’, which reflect loans overdue by more than 30 days rose 15 basis points compared to a quarter ago.
National News
GJEPC conducts awareness seminar on export opportunities for MSMEs
Seminar outlined key aspects of entering export markets, including exporter registration, logistics, e-commerce, government schemes and GJEPC membership benefits.
GJEPC organised an awareness seminar on export opportunities for micro, small and medium enterprises (MSMEs) on 22 October 2026 in Girgaon, South Mumbai, in close proximity to Zaveri Bazaar, one of India’s oldest jewellery manufacturing and trading hubs.
Mithilesh Pandey, Senior Director – Membership, GJEPC, outlined key aspects of entering export markets, including exporter registration, logistics, e-commerce, government schemes and GJEPC membership benefits. He also highlighted the upcoming commencement ceremony for the India Jewellery Park Mumbai (IJPM), scheduled for 25 October at Mahape, Navi Mumbai, and explained its significance for the industry.
Naheed Sunke, Assistant Director, GJEPC, presented opportunities at IIJS Bharat Signature 2027, focusing on global sourcing, retailer onboarding and B2B networking for jewellery retailers and industry participants.
Mukesh Sharma, Senior Manager – Business Development, India International Bullion Exchange (IIBX), explained how eligible GJEPC members holding a Registration-cum-Membership Certificate (RCMC) can access direct gold and silver bullion imports through the exchange. He also outlined the removal of the earlier ₹15 crore minimum net-worth requirement, which broadens access for eligible businesses.
The interactive session addressed participants’ queries on exports, bullion imports and GJEPC initiatives. The seminar aimed to encourage jewellery retailers and MSMEs to explore international markets and participate in upcoming Council programmes and trade events.
GJEPC conducts awareness seminar on export opportunities for MSMEs
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