Friday, September 21, 2012
Gold loan business In India
With demand and price of the yellow metal rising, loan against gold is also becoming popular. As of FY10, the organised gold loans market in India is estimated at around Rs 35,000-40,000 crore, registering a growth of 50 % over last year. At this level, the gold loan portfolio translates into a marginal 1.2 % of the value of total gold stock in India, indicating that the market is significantly under-penetrated and is expected to continue growing at the rate of 35-45 %. According to
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