Thursday, May 27, 2021

Gold loan business may slow due to financial stress, lower loan-to-value rule

RBI data showed that at the end of FY21, total value of gold loans outstanding was nearly Rs 60,500 crore - up 82% on the year. In FY22, this growth rate could slow down substantially, industry players said.

source https://economictimes.indiatimes.com/industry/banking/finance/gold-loan-business-may-slow-due-to-financial-stress-lower-loan-to-value-rule/articleshow/82996826.cms

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