InvestorQ : WHY gold loans likely to fill the lending ga
NARESH CHANDRA BHATI made post

WHY gold loans likely to fill the lending ga

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12 months ago
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“During periods of economic downturn, banks and NBFCs (non banking finance companies) alike become risk averse and lending slows down. It is, therefore, likely that the demand for gold loans may rise in the aftermath of the lockdown,” said VP Nandakumar, managing director of Manappuram Finance, an NBFC with gold loans as its principal business.
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