National News
Rapid Growth In Gold Loan Merits Continued Vigilance: RBI FSR
The Report Cautioned That A Prolonged Correction In Gold Prices Could Weaken Collateral Protection
The rapid growth in lending against gold collateral amid elevated gold price volatility merits continued vigilance, even as asset impairment risks remain contained and LTV (loan-to-value) ratios provide comfortable cushion, according to the RBI’s Financial Stability Report (FSR).
Since March 2024, gold loans have grown at a staggering 42.4% annually (CAGR). To put that into perspective, other non-housing retail loans only grew at about half that speed (23%). Overall, the gold loan portfolio of lenders rose 54.5 per cent year-on-year (y-o-y) as of March-end 2026.
Both regular banks and NBFCs (Non-Banking Financial Companies) have been aggressively handing out these loans because gold prices have been so high. When gold is worth more, your gold jewelry can suddenly fetch you a much bigger loan.
FSR assessed that the recent increase in gold loans is driven primarily by existing borrowers, who are using higher gold prices to secure larger loans and roll over existing debt, as indicated by the gap between fresh originations and loan outstanding.
The report cautioned that a prolonged correction in gold prices could weaken collateral protection, increase borrower stress and result in higher delinquencies. Gold loans include agriculture gold loans that are offered against the collateral security of gold jewellery, ornaments and coins.
Right now, the situation is stable, and banks aren’t losing money yet. But the RBI is reminding lenders not to get blinded by the current gold rush. If gold prices take a tumble, a lot of these seemingly “safe” loans could turn into a major headache for the financial system.
National News
The Solitaire Festival Of India 2026 Announces Winners Of Its Second Weekly Lucky Draw
The Second Weekly Draw Adds To The Excitement Around TSFI 2026, With Customers Continuing To Participate In The Festival Through Their Purchases Of Divine Solitaires Jewellery.
Divine Solitaires has announced the winners of the second weekly lucky draw of The Solitaire Festival of India (TSFI) 2026, its flagship annual celebration of natural diamond solitaires. Now in its fifth edition, TSFI is being celebrated from 1st to 31st August 2026 across 200+ partner jewellery stores in over 100 cities across India.
As part of TSFI 2026, customers purchasing Divine Solitaires jewellery from participating partner jewellers during the festival period are automatically eligible for the weekly lucky draws. The second weekly draw saw six customers win exciting prizes across automobiles, home appliances and lifestyle entertainment, adding another memorable moment to their diamond purchase.
The winners of the second weekly draw are:
- Uesh Deshmukh, who purchased from Ranka Jewellers, Karve Road, and won a Maruti Suzuki Alto
- Bhumika, who purchased from S S Jewellers, Haryana, and won a Honda Activa
- Mala Sinha, who purchased from Alankar Jewellers, Patna, and won a Haier 596L, 2 Door Refrigerator
- Anil Kumar Sahoo, who purchased from Khimji Jewellers, Janpath, and won a Samsung 50 inches Crystal UHD 4K TV
- Ankit M, who purchased from Ranka Jewellers, Bund Garden, and won a JBL Partybox Wireless Bluetooth Speaker
- Shailja Sharma, who purchased from Batukbhai Jewellers, Shankar Nagar, and won a Sony PlayStation 5 console
The second weekly draw adds to the excitement around TSFI 2026, with customers continuing to participate in the festival through their purchases of Divine Solitaires jewellery. Along with the weekly lucky draws, customers can also avail assured gifts and special vouchers, while staying eligible for the Mega Bumper Draw at the close of the festival.
Every Divine Solitaires diamond is backed by the brand’s 123-parameter Quality Guarantee Certificate, reflecting its commitment to quality, authenticity and transparency. Through TSFI, the brand continues to bring together the timeless appeal of natural diamond solitaires with a rewarding experience for customers across the country.
With the wedding and festive season around the corner, TSFI 2026 continues to add to the joy of choosing a Divine Solitaires diamond, giving customers more reasons to celebrate their special purchases this August.
The Solitaire Festival Of India 2026 Announces Winners Of Its Second Weekly Lucky Draw
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National News24 minutes agoGold, Silver Retreat On MCX As Rising Yields and Oil Prices Prompt Profit-Taking
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