Gold loan non-banking finance company Indel Money expects 50 per cent growth in business in current financial year

The NBFC feels that the demand for gold loan in FY22 will be fuelled by healthcare requirements, pandemic-driven uncertainty, the limitations of the banking sector to serve gold loan demand at the earlier pace due to decreased gold prices and the end of 90% LTV (loan-to- value) lending on March 2021, apart from increased credit crunch due to prevailing policies.

from Banking/Finance-Industry-Economic Times https://ift.tt/3j2pj4S