2013-03-19 08:34:58 - Organized gold loan market is projected to grow at a CAGR of 25.5% during FY 2012 to FY 2015, says RNCOS in its research report.
Gold demand in India is rising continuously and is one of the major driving forces in the Indian wedding, which involves draping the bride in gold jewels. However, due to rising gold prices and high value of the asset, it is difficult for most of the middle-households to purchase the required amount of gold at one go by paying cash. Therefore, there are institutions offering options of financing gold. For instance, Muthoot Finance Ltd and Goldplus, a jewelry retail brand of Titan Industries Ltd have entered into a tie-up to finance and sell gold ornaments.
Further, by our new research report, "Gold Loan Market in India", the organized gold loan market has grown tremendously over a period of time, thanks to
the changing consumer perception about gold loan, and rising loan requirements. Therefore, organized gold loan market is anticipated to grow at a CAGR of 25.5% during FY 2012 to FY 2015. For providing our clients a deep insight into the Indian gold loan market, we also conducted a primary research that studied the consumer behavior in the market. We found that the consumer outlook is changing as people are increasingly taking gold loans to meet their various short-term needs.
The region-wise analysis revealed that the organized gold loan market is mainly concentrated in the Southern India, while other regions are witnessing a comparatively low presence of organized players. It has been observed that the organized players are exploring the potential, and expanding their networks into North, East and West regions.
Our report, "Gold Loan Market in India", 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. It also covers future outlook of the industry covering various aspects and the impact of government regulations. Besides, the report also covers competitive landscape of the key players in the Gold Loan Industry including public and private banks and specialized NBFCs. Above all, our research also includes an online survey for studying consumer behavior in the gold loan market and contains the findings and analysis drawn upon them. Overall, the report studies every aspect of the gold loan market in India, pertinent for any intending clients.
For FREE SAMPLE of this report visit: www.rncos.com/Report/IM423.htm
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