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Revised PSL guidelines take shine off gold-loan NBFCs
Financial Express Kolkata
|March 26, 2025
The Reserve Bank of India's (RBI) decision to exclude gold loans that are originated by non-banking financial companies (NBFCs) and acquired by banks from being classified as priority sector lending is expected to dent the growth of gold loan companies and increase their cost of funds.
Shares of Muthoot Finance, Manappuram Finance and IIFL Finance declined by up to 2.5% after the RBI issued revised priority sector lending guidelines on Monday night.
"Loans against gold jewellery acquired by banks from NBFCs are not eligible for priority sector status," noted the master circular. "Investment by banks in securitisation notes with loans against gold jewellery originated by NBFCs as underlying are not eligible for the priority sector status," the circular said.
Cette histoire est tirée de l'édition March 26, 2025 de Financial Express Kolkata.
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