MD VP Nandakumar Highlights Market Forces Behind Manappuram Finance’s 10% Gold Loan Growth Goal
An expected drop in interest rates and ongoing geopolitical tensions are likely to boost gold prices. This, combined with the shift towards organized gold loan businesses, will keep the demand for gold loans strong. High gold prices make gold loans attractive, as customers can borrow money by pledging smaller amounts of gold, explains VP Nandakumar, MD and CEO of Manappuram Finance.