Wednesday, 15 July 2015

NBFCs losing its glitter in its gold loan business


The shine of gold lasts forever. But the shine of the gold loans business for organised lenders in India did not last for even five years. Entrepreneurs who came in droves to ride the gold loans wave amid a surge in demand for the yellow metal during the economic revival post the Lehman Brothers-induced credit crisis, are slowly ditching the business as returns dwindle.
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