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60-65 % of India’s household gold loans market still untapped, goes to unorganized market: Jefferies

60-65 % of India’s household gold loans market still untapped, goes to unorganized market: Jefferies

by AIP Online Bureau | Aug 25, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Banks have traditionally dominated the organized gold loan market, holding over 75 percent of the market share. Nearly 80 percent of these are given for agricultural gold loans. In contrast, NBFCs have focused on retail gold loans against jewelry, with their share...

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