BusinessPhoto: NDTV BusinessShriram Finance Plans to Double Gold Loans Despite Repayment Concerns
Shriram Finance confirmed its plan to expand gold lending despite rising stage 2 and stage 3 assets, which management attributes to customers adjusting to a new repayment format. Executive Vice Chairman Umesh Revankar stated the gold loan portfolio is about Rs 9,000 crore and sees no challenge if customers are carefully identified and gold properly valued. Analysts noted multiple borrowing and moderated growth by some banks.
NDTV Business·



