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Budget 2024 Expectations: What fintech and digital lending industry expects this year?

The thriving fintech and digital lending industry in India, encompassing the gold loan sector, delivers innovative and accessible credit solutions to millions in rural and underserved areas through digital platforms and technologies. Let's delve into what these sectors anticipate from Budget 2024.

India , Union-budget , Budget-2024 , Budget-2024-expectations , Expert-speak , Fintech , Digital-lending-industry , Gold-loans , Gold-loan-sector , Digital-platforms , Technologies

How is the surge in gold prices reshaping the gold loan dynamics?

The recent surge in gold prices is reshaping the dynamics of gold loans, leading lenders to reevaluate collateral and borrowers to strategize their loan repayment or retention.

Gold , Securing-loans , Gold-loans , Gold-prices , Loans , Value-of-gold , Loan-portfolios , Gold-assets , Financial-portfolio , Financial-instruments , Gold-market

Prevailing tight credit situation has been a major catalyst for gold loan growth: Umesh Mohanan, CEO, Indel Money

We are a growing company and we have a very optimistic outlook on the segment. We have targeted an annual growth of 70% and we are very confident of achieving it. The high-interest rate regime is expected to stay here for some time as there is no let-up in the retail inflation scenario, says Umesh Mohanan, executive director & CEO of Indel Money, a non-banking finance company in the gold loan sector.

Umesh-mohanan , Indel-money , Tight-credit-situation , Gold-loan-sector , Gold-loan-demand , Rain-deficiency , Increasing-credit-demand , Gold-loans ,