Gold Loan Lenders To Grow Credit At 18-20% In FY22: Crisil

Gold Loan: Shadow lenders that offer loans against gold will likely see their asset size grow by 18-20% to Rs 1.3 lakh crore ($17.2 billion) in the year to March 31, Crisil Ratings said in a note.

  • Demand for gold loan from small firms and individuals has increased with the pick-up in economic activity and the onset of the festive season.
  • Gold loans will continue to be a sought-after asset class, while lenders would remain cautious about growth in many other retail asset classes,” said Krishnan Sitaraman, a senior director at Crisil.

Source: Bloomberg

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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