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Gold Loan Market: 3 Bold Projections for 2021 | Federal Bank, Kotak, Union Bank

Gold Loan Market

Gold Loan Market

Latest publication on 'Gold Loan Market in India 2020' is added in HTF MI research reporsitory provides in-depth analysis, Competitive scenario, and future market trends and strategies. The regional analysis includes countries like USA, Germany, China, France, Japan, South Korea, UK, BeNeLux, Nordic Nations, Middle East & Africa and many other countries along with major players profiled such as Axis Bank of India, Central Bank of India, Federal Bank Limited, HDFC Bank Limited, ICICI Limited, Kotak Mahindra Bank Limited, Manappuram Finance Limited, Muthoot Finance Limited, State Bank of India, Union Bank of India. The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during forecast year 2021-2026.

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Summary
In India, gold is considered to be a sign of social status, financial security and cultural legacy. As of 2019, households in India assembled about 25,000 tons of gold, making the country the largest holder of the yellow metal in the world. Rural communities account for 65% of the total gold demand in the country. Owing to the sentimental value that Indians associate with this indispensable item, people seldom sell it to meet financial emergencies. They prefer to pledge gold as collateral to secure short-term loans. Gold loans enjoy a relatively low interest rate that varies between 9.5% and 24% and have a flexible tenure (ranging from a few days to 5 years). The gold loan market in India was valued at INR 2,921.42 Bn in 2019 and is expected to reach INR 6,275.40 Bn by 2025, expanding at a compound annual growth rate (CAGR) of 12.75% during the 2020-2025 period.

The Indian gold loan market has witnessed a positive impact on business during the nationwide lockdown due to the Coronavirus pandemic. Gold loan products have experienced rapid growth than other retail banking products during this period. Due to economic distress and job losses, gold is acting as an insurance policy, as well as a retirement plan across India. People are availing gold loans to fulfill their immediate fund requirements.

Companies covered:
• Axis Bank of India
• Central Bank of India
• Federal Bank Limited
• HDFC Bank Limited
• ICICI Limited
• Kotak Mahindra Bank Limited
• Manappuram Finance Limited
• Muthoot Finance Limited
• State Bank of India
• Union Bank of India

Enquire for customization in Report @ https://www.htfmarketreport.com/enquiry-before-buy/2688527-gold-loan-market-in-india-2020

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure

Chapter 4: Market overview
4.1. Gold Loan market overview
4.2. Gold Loan market size and growth forecast
....Continued

Browse Executive Summary and Complete Table of Content @ https://www.htfmarketreport.com/reports/2688527-gold-loan-market-in-india-2020

It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
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