DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/3qrxbj/gold_loan_market) has announced the addition of the "Gold Loan Market in India 2012-2016" report to their offering.
The analysts forecast the Gold Loan market in India to grow at a CAGR of 26.33 percent over the period 2012-2016. One of the key factors contributing to this market growth is gold loan business' high return on investment. The Gold Loan Market in India has also been witnessing frequent gold price fluctuations. However, RBI's capping on loan-to-value ratio for non-banking financial companies could pose a challenge to the growth of this market.
The key vendors dominating this space include Manappuram Finance Ltd., Muthoot Finance Ltd., and Muthoot Fincorp Ltd.
The other vendors mentioned in this report are Indian Overseas Bank and Indian Bank.
Commenting on the report, an analyst from the team said: One of the main trends witnessed in the Gold Loan market in India is the increasing adoption of technology by vendors. Gold Loan service providers are increasingly adopting technology for their processes to ensure rapid growth. Technology also enables them to start a number of branches, in a quick and efficient process. It helps them to scale up their businesses by reducing human intervention and making the model cost-efficient. It helps keep track of borrower accounts and customer submissions. With the help of technology, service providers also have access to real-time data, which helps in faster decision-making.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Indian Overseas Bank and Indian Bank.
For more information visit http://www.researchandmarkets.com/research/3qrxbj/gold_loan_market
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Source: Research and Markets