Navigating India’s Gold Loan Market – Size, Share, and Growth Forecasts for 2023-2029

India Gold Loan Market Overview

The research is an invaluable tool for investors, market participants, and other stakeholders since it offers a thorough overview of the India Gold Loan industry. The market size, share, trends, and forecast for the India Gold Loan market are all thoroughly examined in this study. A thorough review of the prospects, problems, opportunities, and constraints facing the India Gold Loan industry is also included. The competitive landscape section offers comprehensive details on the industry standing of India Gold Loan major companies, as well as information on their alliances, expansion, and acquisitions. Moreover, firm profiles with SWOT analysis, product benchmarking, corporate insights, and overviews are included.

The size of the global and regional India Gold Loan markets was estimated using the bottom-up methodology. The India Gold Loan industry report’s main and secondary data sets were integrated and thoroughly examined to deliver precise and error-free information to its clientele. To comprehend the possible effects of the macroeconomic and microeconomic factors influencing the India Gold Loan market, PESTLE analysis was employed. Along with a thorough examination of the development prospects in the India Gold Loan industry for new entrants, the research also includes Porter’s five forces analysis.

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India Gold Loan Market Regional Insights

In South India, the market for gold loans is sizable and expanding. Approximately 32 percent of India’s overall gold loan market is accounted for by this region. This is due to several things, such as the widespread ownership of gold, the rising demand for gold loans, and the simplicity of obtaining gold loans. With one of the highest percentages of gold ownership in the world, South Indians have a long history of gold ownership. It follows that a sizable amount of collateral is available for gold loans. In South India, gold loans are a common kind of finance for a range of demands, including commercial needs, weddings, and medical bills.

India Gold Loan Market Segmentation

In 2022, the Unorganized category held a nearly 65% market share, dominating the India Gold Loan market. Moneylenders and pawnbrokers have been lending gold to individuals from all walks of life for millennia. Quick gold loans with little paperwork are provided by unorganized players, but the interest rates are extremely expensive. Because they are totally unregulated, clients run the danger of being taken advantage of. A sizeable portion of the populace that traditionally relied on the unorganized sector to fund their requirements is gradually moving to lenders inside the organized sector as financial service companies concentrate on expanding their geographic breadth and market penetration.

by Market Type

Organized
Unorganized

by Type of Lenders

Banks
NBFCs
Others

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India Gold Loan Market Key Players

1. Axis Bank of India
2. Central Bank of India
3. Federal Bank Limited
4. HDFC Bank Limited
5. ICICI Limited
6. Kotak Mahindra Bank Limited
7. Manappuram Finance Limited
8. Muthoot Finance Limited
9. State Bank of India
10. Union Bank of India
11. India Infoline Finance Limited
12. Canara Bank
13. Bank of Baroda
14. Punjab National Bank
15. Nitstone Finserv
16. Attica Gold Company
17. Rupeek Gold Loans
18. Reliant Gold Loan
19. Indian Overseas Bank
20. Tamilnad Mercantile Bank

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