AU Bank, IndusInd among 12 lenders report strong gold loan growth
AU Bank, IndusInd among 12 lenders report strong gold loan growth. Lenders including AU Bank and IndusInd saw gold loan portfolios rise by 15–25% YoY, driven by rural demand and festive season uptick. Credit growth remained robust, with AUBANK reporting ₹2,800 Cr in new gold loans. Asset quality improved, NPA ratios held below 2.5%.
📊 STOCKS: AUBANK, INDUSINDBK, DCBBANK, SHRIRAMFIN | 🏢 SECTOR: Banking | #MEDIUMIMPACT #GoldLoans
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