Banks gaining an edge in gold loan rush

gold loan

Synopsis Traditional gold mortgage companies, consisting of Muthoot Finance and Manappuram Finance, are dropping marketplace percentage to banks, along with SBI, HDFC Bank, and Canara Bank, which benefit from an established, low-value deposit base. Muthoot Finance and Manappuram Finance saw five% expansion and nine% contraction YoY, respectively, in gold loans via December 2022, even as … Read more