VP Nandakumar: Manappuram Finance Eyes 10% Gold Loan Growth Driven by Market Competition and Strong Demand
V.P. Nandakumar, MD and CEO of Manappuram Finance, explains that expected interest rate cuts and ongoing global tensions will help drive gold prices higher. At the same time, the growing shift towards organized businesses will keep demand for gold loans strong. High gold prices benefit the gold loan business, as customers can borrow by pledging smaller amounts of gold.