Southern India Dominates the Gold Loan Market in India

Organized gold loan market is projected to grow at a CAGR of 25.5% during FY 2012-2015, says RNCOS in its research report.

NOIDA, India (prHWY.com) November 27, 2012 - Southern region dominates the Indian gold loan market and accounted for almost three- fourth of the total organized gold loan market in India in FY 2011. The dominance of the region is attributed to its majority share in the country's gold holding and more openness towards borrowing against gold. Moreover, the Southern region also accounts for highest gold demand in the country. This is the reason that large number of the specialized branches of NBFCs, such as Muthoot Finance and Manappuram are located in the southern region.

Further, in the latest research report by RNCOS, "Gold Loan Market in India", it has been revealed that the organized gold loan market has grown tremendously over a period of time, owing to the changing consumer perception about gold loan and rising loan requirements. Over a period of time, the perception of consumers towards gold loan has changed drastically. Based on all the factors studied in the report, the organized gold loan market is expected to grow at a CAGR of 25.5% during FY 2012-2015.

Due to high gold stock and high consumption of gold in Southern India, the presence of money lenders were highest in this region. Similarly, organized gold loan market originated from South India and have largest share of almost three-fourth of the total gold loan market. In Southern India, gold loan is very much preferred compared to other loans and has become the culture as the lenders do not accept any other collateral against loan.

A new trend of gold financing for purchasing has also been observed in the industry. To provide our clients with a deep insight into the Indian gold loan market, we also conducted a primary research that studied consumer behavior in the market. We found that the consumer outlook is changing as people are increasingly sorting to gold loans in order to meet their short-term needs.

Our report, "Gold Loan Market in India", which is spread over 55 pages, covers extensive research and thorough analysis of the India Gold Loan Industry including market size, penetration, type of institutions, and share of major players along with their future forecast. In addition, it also covers the future outlook of the industry covering various aspects and the impact of government regulations. Beside this, the report also covers competitive landscape of the key players in the gold loan industry including public and private banks and specialized NBFCs. Our research study even includes an online survey to study the consumer behavior in the gold loan market including the results of an online survey and their findings.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM423.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india gold stock

Categories: Finance

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