Gold loans are becoming a preferred credit choice in India. The organised gold loan market is set to exceed ₹10 lakh crore in the current financial year. Expectations are that it will surpass ₹15 lakh crore by 2027, according to rating agency ICRA. The sector is experiencing growth, with gold loan disbursals soaring by 51% […]
RBI’s latest advisory on gold financing likely targets new entrants in the business, says expert – CNBC TV18
The Reserve Bank of India’s (RBI) recent circular on gold financing practices seems to target new entrants in the lending space, according to Pranav Gundlapalle, Senior Analyst-India Financials at Bernstein. “I see this as a greater change for banks and fintechs, or NBFCs, that have entered the segment, especially in the context of a slowdown […]