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New RBI norms to hit growth of NBFCs' gold loan portfolios
May 07, 2025
|The New Indian Express Villupuram
THE recent draft RBI directions on loans against gold collateral, aimed at harmonising the regulatory framework across regulated entities, likely to hit the growth of pure-play gold loan companies.
The draft was brought to address differences in lending practices, thus creating a level playing field and structurally strengthening the sector.
The draft directions, issued last month, come in the backdrop of the central bank in September 2024 highlighting irregular practices amid a significant rise in loan against gold portfolio of some lenders. The RBI had asked the lenders to review their policies, processes and practices to identify gaps and initiate remedial measures in a time-bound manner.
هذه القصة من طبعة May 07, 2025 من The New Indian Express Villupuram.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Villupuram
The New Indian Express Villupuram
Gains on paper, big gaps on the ground
THE government on January 23, 2026 to mark National Girl Child Day claimed steady progress in girls’ education, health and empowerment, citing higher school enrolment, improved sex ratios at birth and rising female participation in STEM.
2 mins
January 24, 2026
The New Indian Express Villupuram
Sify Infinit gets Sebi approval for ₹3,700 cr public offer
THE country’s leading data centre colocation services provider Sify Infinit Spaces on Friday received approval from markets regulator Securities and Exchange Board of India (Sebi) for initial public offering (IPO) of %3,700 crore.
1 min
January 24, 2026
The New Indian Express Villupuram
ARCTIC THAW, ALPINE MELTDOWN
HO could have expected that news of the end of the world would be broadcast not from the UN General Assembly or a parliament, but from a talk-shop run by an NGO set up by an engineer?
3 mins
January 24, 2026
The New Indian Express Villupuram
Laptops given to final-year students only for votes: AIADMK
THE Assembly on Friday witnessed a heated debate over rising prices of essential commodities and the delayed distribution of laptops to students during the discussion on the motion thanking the governor’s address.
1 min
January 24, 2026
The New Indian Express Villupuram
Wife can't claim maintenance if her acts render husband incapable: HC
THE Allahabad High Court has held that if a wife’s actions or omissions contribute to her husband’s incapacity to earn, she cannot claim maintenance from him.
1 min
January 24, 2026
The New Indian Express Villupuram
DOGS SUFFERING IN GAP BETWEEN PLAN AND ACTION
THOUGH the Supreme Court has vacillated on the issue of stray dogs in recent times, it has not ordered their killing.
1 mins
January 24, 2026
The New Indian Express Villupuram
70% conversion rate in FDI pacts from CM visit: Min
INDUSTRIES Minister TRB Rajaa on Friday said Tamil Nadu is witnessing unprecedented industrial growth under the Dravidian model government, bringing pride not only to the state but also the whole country.
1 min
January 24, 2026
The New Indian Express Villupuram
Govt approves 5 companies in fourth round of PLI scheme for white goods
THE government has approved five applicants with a committed investment of 863 crore in the fourth round of the production-linked incentive (PLI) scheme for white goods.
1 min
January 24, 2026
The New Indian Express Villupuram
100 karaoke booths to record ‘Vande Mataram’ for connecting youth
THE Centre has launched a national initiative to encourage public participation in commemorating Vande Mataram.
1 min
January 24, 2026
The New Indian Express Villupuram
Yogi, Maurya not on same page over seer's protest
AMID the ongoing controversy involving Jyotirpeeth Shankaracharya Swami Avimukteshwaranand and the Magh Mela administration, Chief Minister Yogi Adityanath and his Deputy Keshav Maurya seem to be on different pages as both have given contrary statements on the row.
1 min
January 24, 2026
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