The report, ‘India’s gold loan market- Is the glitter fading?’ provides a thorough view of the India’s gold loan industry covering the past, present and future of the industry
India’s gold loan market in India is poised to grow at healthy growth rate. All banks , NBFC’s , Small Finance Banks and unorganized lenders are competing for gold loan market share. This report provides an overview on the industry, gold loan product value proposition, key growth drivers, operational landscape, leading industry practices and regulatory aspects and challenges faced by the industry. The report also presents a futuristic view for the sector by detailing the role of fintech and how technology could be an enabler for sector growth. Gold loans play a crucial role in financial inclusion agenda in the form of an immediate credit facility. The report concludes with market growth projections for the next 3 years and a concept of centralised gold storage and dematerialisation of gold as collateral for industry to enable its transformational growth.
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