Despite enhanced Governance, Gold Loan Business is Growing!
The increased governance requirements from RBI on gold loan portfolios have not hampered the growth of gold loan business in India. In fact, this business is attracting more regulatory attention primarily on its growing prominence in the lending space. The ease of loan availability and the ease of loan dispensing has made the lending on the security of gold a preferred mode off late. The ever-increasing trend on prices adds fuel to this business. These ideal situation makes gold loan a rapidly growing segment on lending space despite all news of regulatory oversee by the authorities in recent times