Gold loans by banks, NBFCs to reach Rs 15 trillion by March 2027; banks remain dominant on jewellery-backed agriculture loans
- Posted on September 25, 2024
- By Financial Express
- 2 Views
Gold loans by banks, NBFCs to reach Rs 15 trillion by March 2027; banks remain dominant on jewellery-backed agriculture loans
The organised gold loans expanded at a compound annual growth rate (CAGR) of 25 per cent over the period FY2020-FY2024 and this was driven by banks which expanded these loans at a higher CAGR of 26 per cent while the NBFCs expanded theirs at 18 per cent during the same period.
