Big banks turn aggressive on gold loans, offer cheaper rates to grab a larger share of market dominated by NBFCs

HDFC Bank saw a 19 percent jump in its gold loan portfolio in fiscal 2023 whereas traditional gold loan lenders Manappuram Finance and Muthoot Finance saw an 11 percent fall and 1 percent growth, respectively, in their gold loan portfolios till December 2022 quarter HDFC Bank saw a 19 percent jump in its gold loan portfolio in fiscal 2023 whereas traditional gold loan lenders Manappuram Finance and Muthoot Finance saw an 11 percent fall and 1 percent growth, respectively, in their gold loan portfolios till December 2022 quarter Moneycontrol Latest News Read More

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