Gold loans are a quick way for people to access cash when other avenues are not open," said CVR Rajendran, CEO at CSB Bank. Gold loans also are less risky for lenders as rising gold prices means the loan to value ratio is always kept in check.source https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-prepare-for-rise-in-gold-loan-demand-in-fy21/articleshow/76554160.cms
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