RBI Raises Concerns Over Irregular Practices Involved in Gold Loans
The Free Press Journal - Bhopal|January 03, 2025
NBFCs Held a Significant 59.9% Share of the Total Gold Loans Disbursed by Banks and NBFCs Combined as of March 2024
ANI

The Gold loans in the country has registered strong growth recently says a report by Reserve Bank of India.

The report highlighted that the gold loans witnessed rapid growth in the period ending September 2024 compared to the same time a year earlier. This growth highlighted the increasing reliance on gold as collateral for meeting financial needs. RBI said "Gold loans have clocked rapid growth in the period ending September 2024 as compared to a year ago." However, the RBI in the report also raised concerns over irregular practices among certain supervised entities (SEs) involved in gold loans.

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