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
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.
Pillar 01
Supporting responsible alignment with regulatory expectations.
Pillar 02
Promoting responsible lending practices through a shared code of conduct.
Pillar 03
Encouraging stakeholder-centric practices and clear disclosure.
Pillar 04
Supporting research and capability building for sustainable growth.
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.
Chairman & Managing Director
Muthoot Fincorp
Joint Managing Director
Muthoot Fincorp
Joint Managing Director
Muthoot Fincorp
Chairman & Managing Director
Manappuram Finance
Muthoot Finance
IIFL Finance
Muthoot FincorpMuthoot FinanceIIFL FinanceMuthoot Fincorp
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.
