Gold loan market poised for major expansion; NBFCs plan 3k new branches as demand jumps

India's gold loan market is poised for significant expansion as non-bank lenders plan to open approximately 3,000 new branches. This surge is driven by increasing demand from borrowers seeking secured loans due to tighter microfinance lending and rising gold prices, boosting loan sizes for farmers and small traders.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bHzaQdn