Gold lends most glitter to loans with 125% surge

Gold loans have seen a remarkable surge, growing by 125 percent in a year. This boom is attributed to rising gold prices, making it a more valuable collateral. Banks have now overtaken NBFCs in the gold loan market share. Other loan segments like vehicle and personal loans also showed growth, while consumer durable loans contracted.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/h75sb6x
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