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

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