National News
Loans against gold surge 128.5% year-on-year to Rs. 3.38 lakh crore
According to the latest RBI data, outstanding gold-backed loans surged 128.5% year-on-year to ₹3.38 lakh crore as of October 2025, and grew 63.6% since March 2025.
Loans against gold jewellery are emerging as the strongest driver of retail credit growth, outpacing all other personal loan categories by a wide margin. According to the latest RBI data, outstanding gold-backed loans surged 128.5% year-on-year to Rs. 3.38 lakh crore as of October 2025, and grew 63.6% since March 2025.
This sharp rise means that nearly one-fourth of all new additions to banks’ personal loan books in the past year came from gold loans alone, underscoring a clear shift in consumer borrowing preferences toward secured, asset-backed credit.

A key factor behind this jump is the May 2024 reclassification, where agricultural loans secured against jewellery were moved into the retail gold-loan category, aligning with regulatory norms. However, even beyond reclassification, demand for loans against jewellery continues to gain momentum due to their speed, flexibility, and lower interest rates compared to unsecured options.
Secured Loans Lead Retail Credit
The broader retail credit ecosystem continues to favour secured lending:
- Housing loans grew 11% to Rs. 31.87 lakh crore
- Vehicle loans rose 12.5% to Rs. 6.77 lakh crore
- Education loans increased 14.7% to Rs. 1.49 lakh crore
In contrast, unsecured credit showed muted growth:
- Consumer durable loans grew just 1%
- Credit card outstanding rose 7.7%
- Other personal loans increased 9.9%
The slowdown in unsecured lending further strengthens the position of gold loans as a dependable, collateral-backed credit option for households, small businesses, and farmers.
Bank Credit Growth Supported by Retail Demand
Overall bank credit grew 11.3% year-on-year to Rs. 193.9 lakh crore, with personal loans remaining the strongest pillar. Services, NBFCs, and MSMEs also contributed significantly to non-retail credit expansion.
A Structural Shift Toward Gold-Backed Finance
The rise of loans against jewellery signals a structural trend:
Indian consumers are increasingly leveraging idle household gold to meet financial needs—without resorting to costlier unsecured borrowing. As banks deepen their gold-loan portfolios with better processes and digital onboarding, this segment is set to remain a high-growth, low-risk driver in the retail credit landscape.
National News
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
- Event marks 42 years of Incorporation and 16 years of Operations
- Recently-appointed Consul-General’s first visit to the Bourse helps strengthen a century-old bond
- Long service awards presented to outstanding employees
Bharat Diamond Bourse today marked 42 years of incorporation and 16 years since the commencement of operations at the BDB Complex in BKC with a special programme graced by H. E. Pierre Stverlynck – Consul General of Belgium in Mumbai as Chief Guest and a number of leading diamantaires.




The function was organised to celebrate the crucial roles played both by the visionaries who conceptualised the need for a centralised infrastructure to boost the diamond trade over four decades ago, and the employees who have run the daily operations in a highly efficient and professional manner.
In his Welcome Address, BDB Vice President, Mehul Shah explained the significance of celebrating twin milestones – 42 years of incorporation and 16 years of operations. He said:

“BDB began with a vision and is now the world’s largest operational bourse, and a symbol of India’s leadership in the diamond world and excellence in every aspect of operations.”
He added, “It is significant that the Consul General of Belgium is with us on this special occasion. Antwerp and Mumbai have a very close relationship, going back more than 100 years. Today the two cities have bonds based on trust, trade and friendship. We are committed to strengthening this bond over the next century as well.”
Congratulating the awardees he said that members may be the owners, but it is the staff who run the complex and have helped build it as the “best of the best” centres for diamonds. “Personal integrity combined with hi-tech surveillance have made BDB one of the safest places in the world,” he explained, and urged all present never to forget that “it is the soldiers who fight and win the wars.” Mr Shah offered compliments to all the awardees and congratulated Team BDB.
Speaking on the occasion, Anoop Mehta, President BDB, welcomed Mr Stverlynck who has recently assumed charge as Consul General of Belgium in Mumbai.

“We are sure that this will be the first of many visits to our Bourse,” he said, noting that the Consulate is the nearest neighbour of the complex.
“The BDB leadership has always enjoyed a very special relationship with the Belgian consulate,” he added, “built on the longstanding bonds between the diamond industry in our two countries.”
Mr Mehta said it was heartening that so many employees had remained loyal to the BDB for multiple years, and urged all gathered to reach out through their department heads to put forward suggestions for further changes and improvements
Mr Stverlynck, who was on his first visit to the Bourse after assuming charge as Consul General, said he was extremely impressed with the facilities available for exporters within the complex. Assuring the trade of cooperation and support, he said he was happy to be personally present to celebrate such a remarkable institution as BDB that has become a key pillar of the India diamond industry.
Congratulating the leadership for its role in steering the bourse, as well as those employees who had received long service awards, Mr. Stverlynck said:

“The consolidated knowledge and experience of so many from those at the top to a number of others who contributed in various ways, is an asset to the industry.”
Special long service awards were presented to employees who completed special milestones during the year. These included 30-year, 25-, 15-, 10- and 5-year service awards to a few employees.
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