Gold loans more than doubled year-on-year (128%) in January, up from the 91% recorded in the same month of 2025, latest central bank data published Friday showed. Loans to the renewable energy sectors, classified under the mandatory lending for banks by the Reserve Bank of India (RBI), were the second fastest growing sector climbing 62% in the first month of the New Year. Monthly sectorial data published by the RBI showed that export credit fell 17.2% year on year, after growing 7% last year reflecting the impact of trade related uncertainties due to the US tariff changes. Overall non-food credit increased 14% year on year up from 11% a year ago.