Gold loans glitter amid personal loan crackdown
Hindustan Times|November 11, 2024
The regulatory clampdown on unsecured personal loans has given a fillip to loans against the yellow metal, with gold loans soaring in the last few months.
Shayan Ghosh & Anshika Kayastha
Gold loans glitter amid personal loan crackdown

Rising gold prices on the back of escalating global conflict and uncertainty have also aided demand for gold loans, as customers reassess the value of their collateral and seek more credit against it. Loans against gold jewellery grew at a staggering 51% in September, as against 15% in March, latest central bank data showed. On the other hand, personal loans grew at 11.4% in September, the slowest in almost four years, nearly a year after RBI raised risk weights on unsecured loans or those not backed by collateral.

To be sure, at ₹1.5 lakh crore, the outstanding base of gold loans is a fraction of personal loans which stood at ₹14.3 lakh crore as on 30 September.

Diese Geschichte stammt aus der November 11, 2024-Ausgabe von Hindustan Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 11, 2024-Ausgabe von Hindustan Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS HINDUSTAN TIMESAlle anzeigen
Put A Period To The Silent Suffering
Hindustan Times

Put A Period To The Silent Suffering

As Neha Bhasin's struggle with premenstrual dysphoric disorder has sparked a discussion, let's dive deep into this medical disorder

time-read
2 Minuten  |
November 28, 2024
Keerthy Suresh confirms relationship with Antony Thattil
Hindustan Times

Keerthy Suresh confirms relationship with Antony Thattil

Actor Keerthy Suresh, who is all set to make her Bollywood debut with Baby John co-starring Varun Dhawan, recently shared her first-ever picture with long-time boyfriend, businessman Antony Thattil, on Instagram.

time-read
1 min  |
November 28, 2024
After brother Chay, Akhil Akkineni is also engaged
Hindustan Times

After brother Chay, Akhil Akkineni is also engaged

Days ahead of actor Naga Chaitanya's wedding with actor Sobhita Dhulipala on December 4, his younger brother, actor Akhil Akkineni, 30, has also announced his engagement with artist Zulfi Ravdjee, 39.

time-read
1 min  |
November 28, 2024
RUPALI'S STEPDAUGHTER RELEASES 'FINAL' STATEMENT AFTER DEFAMATION SUIT
Hindustan Times

RUPALI'S STEPDAUGHTER RELEASES 'FINAL' STATEMENT AFTER DEFAMATION SUIT

Actor Rupali Ganguly's stepdaughter Esha Verma criticised the defamation case against her in a recent post, clarifying that she was only exercising her rights

time-read
1 min  |
November 28, 2024
FEUD INTENSIFIES AS DHANUSH SUES NAYANTHARA
Hindustan Times

FEUD INTENSIFIES AS DHANUSH SUES NAYANTHARA

After Nayanthara accused Dhanush of a 'personal grudge', the actor has filed a suit against her for using footage from his production without authorisation

time-read
1 min  |
November 28, 2024
Delivering an Olympics, a complicated process
Hindustan Times

Delivering an Olympics, a complicated process

Sebastian Coe, the only man in Olympic history to win back-to-back 1,500m gold medals, who heads World Athletics and is in the running to be the next president of the International Olympic Committee (IOC), brought up the Perth Test.

time-read
3 Minuten  |
November 28, 2024
Anticipated shuffle: Rohit and Gill for Padikkal, Jurel
Hindustan Times

Anticipated shuffle: Rohit and Gill for Padikkal, Jurel

The focus at this weekend's warm-up game will be on changes India could make for Adelaide's pink-ball Test match

time-read
3 Minuten  |
November 28, 2024
Gvardiol errors emblematic of what is going wrong at Manchester City
Hindustan Times

Gvardiol errors emblematic of what is going wrong at Manchester City

Erling Haaland had scored on either side of half-time and between the Norwegian's goals, Ilkay Guendogan's sweetly struck left-footer took a deflection beating the impressive Timon Wellenreuther in Feyenoord's goal.

time-read
3 Minuten  |
November 28, 2024
Wrestler Bajrang to appeal against doping verdict
Hindustan Times

Wrestler Bajrang to appeal against doping verdict

Tokyo Olympics bronze medallist Bajrang Punia said he will appeal against the four-year ban imposed by the National Anti-Doping Agency (NADA) for an anti-doping rule violation at the Court of Arbitration for Sport in Lausanne.

time-read
2 Minuten  |
November 28, 2024
Gukesh strikes back, records his first classical win over Ding
Hindustan Times

Gukesh strikes back, records his first classical win over Ding

The Indian teenager and Chinese world champion Ding Liren are tied on 1.5 points after Game 3, going into the first rest day

time-read
3 Minuten  |
November 28, 2024