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Shining bright: Gold loans are the fastest growing category for NBFCs, industry data shows

By Economic Times - 16 hours ago
Gold loans dominate NBFC loan sanctions in Q1, increasing by 26% year-on-year to Rs 79,218 crore, while personal loans fell by 4% due to RBI's higher risk weights on unsecured loans. RBI warned NBFCs of regulatory action for violations in gold lending practices observed during onsite examinations.

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