Poonawalla Fincorp Ltd (PFL) expands into the gold loan segment by offering quick financing against gold assets.
PFL plans to open 400 new branches in Tier-2 and Tier-3 cities to strengthen its secured lending portfolio.
The move is a natural progression in the company's strategy, focusing on customer asset safety and transparency.
The gold loan market represents a significant opportunity with low credit risk and resilience, attracting industry professionals to provide tailored financial solutions.