When on a special occasion or in an emergency you have to fulfill some financial responsibility and you do not have sufficient funds, then a gold loan can be an immediate resource at such a time. It is worth noting that the amount of gold loan you will get depends …
Read More »Slowing down gold loan growth will lead to increase in defaults, Crisil warns on this move of RBI
A domestic rating agency Crisil on Tuesday said the recent notification by the Reserve Bank of India (RBI) asking financiers to review gold loan practices could slow loan growth in the near term and lead to increased asset quality stress. Potentially, this could impact gold loan disbursements during the transition …
Read More »