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08.08.26 - 13:48
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Why NBFC gold loans are growing nearly 70% despite tighter RBI regulations (Times of India)
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Non-banking financial company gold loans grew nearly seventy percent year-on-year. This expansion significantly outpaced overall retail credit growth for these institutions. The Reserve Bank of India had introduced new rules for gold lending practices. Despite regulatory scrutiny, demand for gold-backed credit remained robust. Credit growth in industry and services sectors showed moderation during this period....
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