Muthoot Finance, Manppuram Finance shares in focus as RBI asks to tighten gold loans process

Since September 2024, gold loans from banks have risen by 50%, significantly outpacing the growth of overall loans. This increase is partly due to stricter regulations on unsecured lending. In India, the world's second-largest gold consumer, gold is traditionally bought for festivals and weddings, and with prices at record highs, gold loans have become an increasingly popular option.