Why record gold loan growth has RBI worried

Record growth in gold loans sanctioned by banks and finance companies prompts RBI intervention to address accounting gaps and prevent bad debt buildup. Gold loans surged by 26% year-on-year in Q1 FY25, totaling Rs 79,217 crore, highlighting consistent quarterly growth amid industry competition.

Oct 3, 2024 - 04:30
Why record gold loan growth has RBI worried

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Record growth in gold loans sanctioned by banks and finance companies prompts RBI intervention to address accounting gaps and prevent bad debt buildup. Gold loans surged by 26% year-on-year in Q1 FY25, totaling Rs 79,217 crore, highlighting consistent quarterly growth amid industry competition.
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