Overview
- Governor Sanjay Malhotra said the central bank is "very comfortable" with gold-loan exposures and sees no cause for concern.
- Following its bi‑monthly policy, the RBI reviewed gold, MSME and personal loan books and reported good asset quality with low slippages.
- Loan‑to‑value levels remain well below the 85% cap, with system‑wide LTV under 70% according to Deputy Governor Swaminathan J.
- Credit against gold jewellery grew about 127.6% year‑on‑year in December 2025 to Rs 3.82 trillion, reflecting a shift from unsecured to collateralised lending.
- Recent gold‑price volatility, including a sharp drop in recent days, triggered scrutiny, but the RBI said current lending buffers mitigate near‑term risks.