Corporate-backed NBFCs are piling into India's booming gold loan market
Aditya Birla Capital is planning 1,000 gold loan branches over three years, with 200–300 opening by March 2027. Tata Capital is buying Yogloans, a 162-branch gold lender across Kerala, Karnataka, Tamil Nadu and Andhra Pradesh with ₹708 crore in AUM. Corporate-backed NBFCs clearly see structural growth here, not just a cycle. Expect branch wars with incumbents like Muthoot and Manappuram.