The Economic Times

Gold Loan: Borrowers with big exposure more prone to default, says TransUnion Cibil report

Indias gold loan market is seeing rising stress as borrowers take larger and multiple loans, pushing up delinquency rates and credit risk, according to TransUnion CIBIL. Nearly half of borrowers now have loans above 2.5 lakhwhere defaults are over twice as high, often with multiple borrowings. While the segment is growing rapidly, lenders are being urged to look beyond collateral and assess overall borrower debt and repayment capacity more carefully.