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
