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Gold loan demand stays strong despite cash disbursement curbs: CRISIL

Business Standard LogoBusiness Standard4h ago

Gold loan demand stays strong despite cash disbursement curbs: CRISIL - Business Standard

Quick Summary:

These NBFCs will have to monitor their loan-to-value (LTV) ratios and conduct auctions in a timely manner to mitigate any risks.

Anything over this amount will have to be disbursed through banking channels such as the National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS), or the Unified Payments Interface (UPI).

However, any sharp fall in gold prices and their sustenance at lower levels for a longer duration could have a potential impact.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 19:36:22 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22102999

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 284 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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