A neutral industry platform working to strengthen governance, responsible lending practices and common standards across India's gold-backed credit sector.
11.1%
Share of India's retail credit
TransUnion CIBIL · Apr 2026
₹3.41 lakh crore
NBFC gold loan book
RBI sectoral data · Jun 2026
69.3%
Year-on-year growth in that book
RBI sectoral data · Jun 2026
~25,000 tonnes
Gold held by Indian households
Published industry estimate
India's gold-backed credit sector serves millions. As it grows, so does the need for shared standards and transparent conduct.
FGLOC brings institutions onto a common platform — encouraging responsible lending, supporting regulatory alignment, and building industry research.
Gold-backed credit acts as key infrastructure, converting existing household assets into working capital across the formal financial system.
01
A significant share of household savings is held as gold.
02
Collateralised lending reaches borrowers underserved by unsecured credit assessment.
03
Secured liquidity at a defined loan-to-value, within a common regulatory framework.
04
Working-capital continuity for small enterprises and self-employed livelihoods.
05
Consumption, production and enterprise investment across regional economies.
Expanding access to secured credit across diverse sections of the Indian economy.
Each pillar is intended to correspond to a working area of the Forum, with its own standards, publications and committee oversight.
01
Supporting responsible alignment with regulatory expectations.
02
Promoting responsible lending practices through a shared code of conduct.
03
Encouraging stakeholder-centric practices and clear disclosure.
04
Supporting research and capability building for sustainable growth.
A self-regulatory platform publishes its governance in full — its constitution, committees, standards, and grievance redressal mechanisms.
General Body — member institutions
Board of Directors, including independent directors
Standing committees
Secretariat & working groups
A review of operational readiness across the membership following the revised collateral lending directions.
Aggregate movement in gold loan portfolios, with the bank–NBFC split and average ticket-size trend.
How short-tenure secured borrowing functions in the cash-flow cycles of small enterprises.
A comparative look at process standards and the case for a common member protocol.
The Forum's consolidated response, prepared with the Standards Committee.
Evidence on entry into the formal credit system through secured, asset-backed products.
The Forum's intended flagship annual publication covering sector size, regulatory developments, and member standards.
The intended composition draws leadership from across the membership, balanced by independent directors with no commercial interest in any single member.
Chairperson, Board of Directors
Member institution — to be confirmed
Vice Chairperson, Board of Directors
Member institution — to be confirmed
Independent Director · Standards Committee
Independent appointment
Secretariat · Principal Officer
FGLOC Secretariat
Member logos are presented in a single muted monochrome treatment, so that no member is visually privileged over another.
The committees will oversee the first edition of the member Code of Conduct and publish a common turnaround standard for stakeholder complaints across member institutions.
Membership is a commitment to shared standards. Institutions engaged in lending against gold are invited to participate in the Forum's committees and research.
Eligibility, obligations and the application process are published in full on the Membership page.
