Gold loans by organised lenders to touch Rs 15 lakh crore by 2027: Icra

Organised gold loans by banks and NBFCs are projected to reach Rs 15 lakh crore, driven by a CAGR of 25% from FY2020-FY2024. Banks lead with agriculture loans backed by gold jewellery, while NBFCs focus on retail GLs. Public sector banks dominate the market, accounting for 63% of overall GL in March 2024.
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