MUMBAI: (May 6) Implementing the guidelines proposed in the RBI’s draft on gold loans will slow down the asset growth of non-bank financiers in the segment, as per a report released on Tuesday.
According to a Crisil report, the draft focuses on loan to value (LTV) and renewal/top-up of bullet loans which may have a bearing on the loan growth of non-banking financial companies (NBFCs) engaged in providing gold loans.
The draft was issued in April with the intent to harmonise the regulatory framework across entities and address differences in lending practices. PTI
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