Gold Loan Market Surges 50% as NBFCs and Rising Asset Values Fuel Retail Credit Growth
Discover how India’s gold loan market surged 50% to become the second-largest retail credit product, driven by rising gold prices and strategic shifts.
Discover how India’s gold loan market surged 50% to become the second-largest retail credit product, driven by rising gold prices and strategic shifts.
Retail credit growth in the Indian banking sector decelerated during the fourth quarter of the fiscal year, signaling a cooling trend following the high-octane consumption observed during the preceding festive season. According to recent industry reports, banks and non-banking financial companies (NBFCs) recorded a noticeable slowdown in loan disbursements, as the initial surge in consumer…