Shriram Finance Reports Rise in Bad Gold Loans
Shriram Finance reported rising bad loans in its gold portfolio for the second quarter, joining industry peers in highlighting stress. Despite this pressure, the lender beat profit estimates.
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Shriram Finance reported an increase in bad loans within its gold-backed lending portfolio during the second quarter, joining peers in signaling rising pressure across India's fast-growing credit sector. The stress emerged even as the non-bank lender's overall profit beat expectations, driven by steady retail and business demand. Rapid expansion in gold-backed loans has drawn scrutiny from lenders as portfolio risks materialize across the market.
