New RBI norms to hit growth of NBFCs' gold loan portfolios
The New Indian Express Madurai
|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.
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.
यह कहानी The New Indian Express Madurai के May 07, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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