Tata Capital taps India's dormant wealth
Synopsis Tata Capital's acquisition of an 88.6% stake in Kerala-based Yogloans signals growing confidence in India's fast-expanding gold loan market as lenders shift away from
Synopsis Tata Capital's acquisition of an 88.6% stake in Kerala-based Yogloans signals growing confidence in India's fast-expanding gold loan market as lenders shift away from unsecured retail credit. The deal gives Tata Capital an established gold loan business with a ₹708 crore loan book, 162 branches and 32,000 customers, allowing it to tap a segment driven by rising gold prices, tighter regulations on unsecured lending and changing consumer attitudes towards using family gold as collateral.
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