The Indian states driving a gold loan boom
Gold loans in India have expanded fourfold since March 2022, emerging as the second-largest segment in the retail credit portfolio after housing loans, with an outstanding value of ₹16.8 lakh crore. However, this rapid growth has been uneven, with southern states continuing to dominate the market and widening the gap with northern regions.According to TransUnion CIBIL’s Gold Loan Landscape report, as cited by ToI, Tamil Nadu, Andhra Pradesh and Karnataka together account for 51.1% of total gold...
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