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Poonawalla Fincorp expands into gold loan segment, plans 400 new branches 

  • 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.

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