Spike in gold loans could not enthuse individuals to pledge household gold with gold loan NBFC

In April and May the increase in business volumes came more from existing customers taking advantage of higher loan-to-value (LTV) due to a spike in gold prices to increase their borrowings against existing pledges. But absolute footfalls have not increased and acquisition of new customers has not picked up.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UOQ3ZI