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Manappuram Finance Ltd : Business Analysis
Sector : NBFC (Gold Loan)
A Thread 🧵👇(RT if beneficial)
Sector : NBFC (Gold Loan)
A Thread 🧵👇(RT if beneficial)
1/ Gold in India
Gold is considered to be an important asset, a hedge against inflation and an immediate source of cash especially for the rural households in India. Gold is used as collateral to earn money for short term needs.
Gold is considered to be an important asset, a hedge against inflation and an immediate source of cash especially for the rural households in India. Gold is used as collateral to earn money for short term needs.
2/ Most of households do not sell gold ornaments; instead they pawn it for immediate use. In 2019 India accounted for 16% of the global gold demand. Kerala has the highest per capita consumption of gold and has the highest inflow of remittances among Indian states.
