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New RBI norms to hit growth of NBFCs' gold loan portfolios

The New Indian Express Kochi

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May 07, 2025

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.

- ENS ECONOMIC BUREAU @ Mumbai

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.

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The New Indian Express Kochi

The New Indian Express Kochi

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The New Indian Express Kochi

Democracy under attack, says Rahul, lights into RSS with 'cowardice’ jibe

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time to read

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The New Indian Express Kochi

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1 min

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The New Indian Express Kochi

The New Indian Express Kochi

Interstellar comet 3I/Atlas set to make spectacular close sweep past Mars today

A comet from another star system will swing by Mars on Friday as a fleet of spacecraft trains its sights on the interstellar visitor.

time to read

1 min

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The New Indian Express Kochi

Vocalist Pt Channulal Mishra passes away

RENOWNED classical singer and Padma Vibhushan awardee Pandit Channulal Mishra passed away at his residence in Mirzapur, in Eastern UP, after prolonged illness on Thursday.

time to read

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The New Indian Express Kochi

The New Indian Express Kochi

PLANNING TO BUY IPHONE 17 OR 17 PRO?

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The New Indian Express Kochi

Indian Railways accelerates export efforts to establish global presence

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time to read

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The New Indian Express Kochi

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OMEN could remain Karnataka Chief Minister Siddaramaiah’s biggest cheerleaders if a report on his government’s five guarantees is any indication.

time to read

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The New Indian Express Kochi

The New Indian Express Kochi

Highway signboards to get more informative, commuter-friendly

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time to read

1 mins

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