Same scenario happened Post 2008 crisis ,good prices went up And all banks jumped in for gold loans
But no one persisted as it’s lot of work for gold loans
Issue with bank is That they are not Dealing exclusivly with gold loans .Gold loan is low price high volume business.
banks have multiple products and customer getS lost in bank and One has to spend lot of time figuring it proper counter and then proper Person to deal with it
Most won’t spend lots of time just to save few hundred rs
And here lies the moat for manapp and muthoot
Now banks are creating awareness for gold loans so more and more people will take gold loans but the max share won’t go to banks ,It will go to
Gold finance cos and local pawnbroker