Finance
Mr. BillionhairGold Loans Are Winning: India’s Credit Market Soars!
Folks, let me tell you, gold loans are absolutely CRUSHING IT! Over 90% increase, folks! That’s right, double the action! We’re talking about a whopping ₹162.7 lakh crore! And vehicle loans? HUGE! Everyone’s getting in on the fun, even in those semi-urban areas! It’s a credit revolution, believe me! I told you this would be a big win!
few days ago | Sunainaa Chadha
Quick rundown
1.Gold loans are the new heavyweight in India's retail credit market.
2.Auto loans surged due to GST changes and festive demand.
3.Big-ticket loans are becoming more popular in India.
4.PSU banks lead in home loans, while NBFCs dominate personal loans.
5.India's borrowing is growing responsibly with improved asset quality.
