, Manappuram had commissioned ICRA Management Consulting Services (IMaCS) to study the gold loans market in the country and they came out with a report, 'Gold Loans Market in India, 2009'. This was a pioneering study; the first time that a scientific study of the gold loans market in India was carried out.
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances