India, June 24 -- Public sector banks' dominance in gold loan sourcing is gradually facing pressure as private banks and NBFCs gain traction, according to the report.

This is supported by stronger distribution reach, faster turnaround times and changing customer preferences, according to an Experian report titled 'Gold Loans in Transition: Market Evolution & Consumer Patterns'. "The market structure is gradually shifting toward private and NBFC-led sourcing, highlighting stronger distribution reach, faster turnaround times, and growing customer preference for non-bank lenders in the gold loan segment," the report said. According to the report, the gold loan market share of public sector banks based on sourcing value stood at 37 per cent ...