Gold loans by NBFCs surge 68.5 pc in July amid strong demand for secured credit

thehawk.in 3 h

India

Gold loans by NBFCs surge 68.5 pc in July amid strong demand for secured credit — Sources: thehawk.in

Strong growth in gold-backed lending reflects lenders' confidence in the segment, but raises concerns about increasing use of credit for consumption rather than productive purposes.

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Gold loans by NBFCs surge 68.5 pc in July amid strong demand for secured credit

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