VP Nandakumar Highlights Manappuram Finance's Ambitious 10% Gold Loan Growth Amidst Rising Competition
The expected reduction in interest rates and ongoing geopolitical tensions will boost gold prices. Meanwhile, the shift towards organized business will keep the demand for gold loans strong. High gold prices benefit the gold loan business because customers can get loans by pledging smaller amounts of gold, explains V.P. Nandakumar, MD and CEO of Manappuram Finance.