Why NBFC gold loans are growing nearly 70% despite tighter RBI regulations
Non-banking financial company gold loans grew nearly seventy percent year-on-year. This expansion significantly outpaced overall retail credit growth for these institutions. The Reserve Bank of
Non-banking financial company gold loans grew nearly seventy percent year-on-year. This expansion significantly outpaced overall retail credit growth for these institutions. The Reserve Bank of India had introduced new rules for gold lending practices. Despite regulatory scrutiny, demand for gold-backed credit remained robust. Credit growth in industry and services sectors showed moderation during this period.
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