Product Dashboards
Click any card to explore the full deep-dive dashboard · Portfolio as of March 2026
🏠 Home Loans
+9.4% YoY
₹44.4 L Cr
Portfolio Outstanding
235.7L
Active Accounts
₹32.5L
Avg Ticket Size
PAR 31–180
2.1%
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🥇 Gold Loans
+50.4% YoY
₹18.6 L Cr
Portfolio Outstanding
899.2L
Active Accounts
+1.74x
3yr POS Growth
PAR 31–180
2.0%
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💳 Personal Loans
+12.9% YoY
₹16.5 L Cr
Portfolio Outstanding
1,224L
Active Accounts
₹69K
Avg Ticket Size
PAR 31–180
2.4%
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🚗 Auto Loans
+13.9% YoY
₹9.3 L Cr
Portfolio Outstanding
171.6L
Active Accounts
₹8.6L
Avg Ticket Size
PAR 31–180
2.7%
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💰 Credit Cards
0.0% YoY
₹3.4 L Cr
Current Balance
1,102L
Cards in Circulation
Plateau
Growth Signal
PAR 31–180
3.0%
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🏍️ Two-Wheeler Loans
+15.1% YoY
₹1.9 L Cr
Portfolio Outstanding
372.3L
Active Accounts
70% NBFC
Market Share
PAR 31–180
4.1%
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📱 Consumer Durable Loans
+20.8% YoY
₹1.0 L Cr
Portfolio Outstanding
1,019L
Active Accounts
₹21K
Avg Ticket Size
PAR 31–180
1.7%
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Portfolio Outstanding — All Products (₹ Lakh Crore)
March-end annual data · Stacked view shows composition shift over 5 years
YoY Portfolio Growth by Product
March 2025 → March 2026
Asset Quality — PAR 31–180%
All products · March 2026
Originations — Q4 FY26 Value (₹ K Crore)
Quarterly sanctions · Gold Loans dominate fresh disbursements due to short-tenure revolving nature
Consolidated Snapshot — March 2026
Key metrics across all 7 consumption loan products
Hidden Insights
Non-obvious findings derived from cross-product and multi-year pattern analysis
Insight 01 · Market Composition
Gold Loans Are Distorting the Headline Growth Number
Total retail lending grew 16.6% YoY to Mar-26 — but strip Gold Loans out and the rest of the basket grows at just ~9.5%. Gold's 50.4% surge, fuelled by record gold prices and PSGL reclassification, is inflating a headline that flatters the rest of the portfolio. Management monitoring overall credit growth without this adjustment are seeing a misleading signal.
GL-adjusted growth: ~9.5%
Insight 02 · Volume vs Value
Portfolio Is Deepening in Value, Not Broadening in Borrowers
Active retail accounts grew just 6.2% YoY while portfolio outstanding grew 16.6% — implying the average outstanding per borrower rose ~9.8% through ticket-size inflation alone. New-to-credit (NTC) share declined across all products in Q1 and Q2 FY26. The system is lending more to existing borrowers, not acquiring new ones. This narrows the addressable market signal for lenders banking on financial inclusion.
POS/borrower: +9.8% YoY
Insight 03 · Asset Quality Paradox
Credit Quality Is Improving While Originations Accelerate — Structural, Not Cyclical
Across most secured segments (Home, Gold, Auto), PAR 31–180 improved YoY even as originations surged 42% in Q4 FY26. This counter-intuitive combination — strong disbursements AND better quality — reflects improved data-driven underwriting, tighter RBI risk weights on unsecured credit, and a portfolio ageing effect post-COVID. It signals sustainable credit culture, not bubble dynamics.
PAR 31–180 fell from 3.2% → 2.7% (Mar-24 to Mar-26)
Insight 04 · Unsecured Stress
Credit Card Portfolio Has Hit a Wall — Saturation or Regulatory Discipline?
Credit card POS grew 0.0% YoY to Mar-26 (₹3.4L Cr) — the only product in stagnation. Cards in circulation rose 3.3% YoY to 1,102 lakh, nearly matching active personal loan accounts (1,224 lakh). New card issuances dropped 27.9% in Q1 FY26. The convergence of CC circulation with PL accounts, combined with RBI risk weight hikes on consumer credit, suggests the unsecured credit growth engine of FY22–24 has run its course.
New cards issued Q1 FY26: −27.9% YoY
Insight 05 · Competitive Dynamics
PSU Banks Are Winning the Secured Lending Game; NBFCs Are Re-Entering Unsecured
PSU banks gained dominant share in Gold Loans (60%+ POS) and held/grew Home Loan originations share in FY26, benefiting from lower cost of funds and policy tailwinds (PMAY 2.0, gold price surge). Simultaneously, NBFCs are regaining volume share in CD Loans and Two-Wheeler — both high-frequency, small-ticket segments where PSU banks lack last-mile distribution. The market is stratifying: PSU for scale/secured; NBFC for velocity/reach.
PSU: 60%+ Gold Loan POS · NBFC: ~70% TW volume