Ensure gold loans are repaid and not renewed, banks tell branches
Banks have instructed their branches to ensure that gold loans availed of by customers are repaid and closed, and not renewed ...
Banks' home loans grow more than industry credit
Banks have expanded their loan book by 9.3% with an additional Rs 15.3 lakh crore in the first 11 months of the financial ...
Banks ask gold loan borrowers to settle accounts for loan extension
After the Reserve Bank of India (RBI) asked lenders to tighten the gold loans processes in September last year, the new ...
No major lapses found in gold loan portfolios of PSBs after audit: FM
Sitharaman was replying to the discussion on the Banking Laws (Amendment) Bill, 2024. Later, the Rajya Sabha passed the Bill ...
The Financial Express3d
Revised PSL guidelines put gold-loan NBFCs in a fix
RBI's exclusion of gold loans originated by NBFCs from priority sector lending hurts gold loan companies, increasing their cost of funds. Shares of Muthoot Finance, Manappuram, IIFL Finance drop.
Newsable Asianet News on MSN3d
RBI says banks cannot impose excessive charges on loan amounts upto ₹50,000 under the priority sector lending
The central bank stated that no loan-related and ad hoc service charges or inspection charges shall be levied on priority ...
ABP News on MSN10d
Understanding Loan-To-Value Ratio In Gold Loans: A Quick Guide
For the purpose of determining the loan amount, lenders will assess the value of the gold you pledge, primarily its purity ...