Canara Bank reins in gold loan growth
Business Standard|October 31, 2024
Public sector lender Canara Bank has moderated the gold loan growth to 15-17 per cent from an earlier pace of 25-30 per cent in the backdrop of regulatory concerns and to balance the portfolio.
ABHIJIT LELE

It has stopped extending loans against gold in metropolitan branches for agriculture purposes, according to K S Raju, managing director and chief executive, Canara Bank.

Raju said that from April, being industry leaders in gold loan, the lender took some hard steps like not to lend against gold in metropolitan branches for agriculture.

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