Gold loans rise on larger ticket sizes, unsecured credit shift
Gold loans are experiencing significant growth, driven by existing borrowers taking larger amounts. This surge also reflects a shift from unsecured personal loans to secured gold financing options. Gold loans now represent a substantial portion of total consumer credit in India. Non-banking financial companies have increased their market share in this growing segment. Experts anticipate continued strong growth for gold loans in the coming period. What's Your Reaction?
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