Shaping the future of India's gold loan ecosystem.
A neutral platform strengthening governance and standards across the 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
A platform for a stronger, more responsible gold loan ecosystem.
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.
- A neutral, non-commercial industry forum
- Gold loan NBFCs, banks and financial institutions engaged in lending against gold
- Standards · Governance · Research · Industry representation
Four pillars of institutional purpose.
Each pillar is intended to correspond to a working area of the Forum, with its own standards, publications and committee oversight.
01
Regulatory alignment
Supporting responsible alignment with regulatory expectations.
02
Ethical lending
Promoting responsible lending practices through a shared code of conduct.
03
Consumer protection
Encouraging stakeholder-centric practices and clear disclosure.
04
Industry development
Supporting research and capability building for sustainable growth.
Industry representation and independence.
The intended composition draws leadership from across the membership, balanced by independent directors with no commercial interest in any single member.
Chairperson
Chairperson, Board of Directors
Member institution — to be confirmed
Vice Chairperson
Vice Chairperson, Board of Directors
Member institution — to be confirmed
Independent Director
Independent Director · Standards Committee
Independent appointment
Director General
Secretariat · Principal Officer
FGLOC Secretariat