Why it is operationally challenging to operate gold loans in large scale?
Each and every bank from HDFC bank wants to increase the gold loan portfolio. If each bank takes a small share of manappuram / muthoot, will it be operationally very difficult?
Also, in rural areas, rural banks which gives agricultural loans offers more value for the gold at cheaper rates than Manappuram / Muthoot.
MFI has huge potential but from their numbers from last few quarters, they had GNPA of around 6.7%. Also, we don’t have any clear data on customer quality or ratings in this category.
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