The surge in gold jewellery loans raises concerns for regulators due to the sustained rally in gold prices and the potential for borrowing against pledged gold. The quality of gold lenders' scrap as security is also under scrutiny. Banks and credit companies are aggressive in leveraging the business model developed by NBFCs, which has led to a rise in gold loan books.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.