Please read concall of manappuram to know about competitive intensity in gold loan industry. There is pie for everyone to eat. Cake size is very large. All what matters is how you penetrate the under penetrated market. Customer taking gold loan from bank are very much different from those taking loans from NBFC. Speed of execution of processing gold loan also matters a lot.
Disclosure: Its my conviction based on my studies. May be I am wrong in my thesis. Holding manappuram from 89 levels and continue to add. All anti thesis are welcomed.
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