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Chola forays into gold loans, eyes ₹1,500-crore book
Financial Express Chennai
|May 02, 2025
CHOLAMANDALAM INVESTMENT & Finance Company has entered the gold loan business with plans to build a ₹1,500-crore loan book over the next few years.
"As a lender, we want to be present in all the secured lending segments," D Arul Selvan, president and CFO of Cholamandalam Investment & Finance Company, told FE. "Gold loans is one segment where we haven't participated so far, and want to start now."
This story is from the May 02, 2025 edition of Financial Express Chennai.
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