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Thursday, September 26, 2013
Gold Loan Market in India 2012-2016
The analysts forecast the Gold Loan market in India to grow at a CAGR of 26.33 percent over the period 2012-2016. One of the key factors contributing to this market growth is gold loan business' high return on investment.
The Gold Loan Market in India has also been witnessing frequent gold price fluctuations. However, RBI's capping on loan-to-value ratio for non-banking financial companies could pose a challenge to the growth of this market.
The report, the Gold Loan Market in India 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts.
The key vendors dominating this space include Manappuram Finance Ltd., Muthoot Finance Ltd., and Muthoot Fincorp Ltd.
The other vendors mentioned in this report are Indian Overseas Bank and Indian Bank.