Gold loans grow over 50% in seven months

Quick Summary:

India Business News: MUMBAI: Loans against gold jewellery by banks have grown by 50.

In the personal loan segment, the year-to-date growth in home loans was 5.6%.

Last month, RBI directed banks and finance companies to review their gold loan policies and procedures, instructing them to rectify any deficiencies within three months.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaMaliPakistan

Topics: Gold loans Gold loan market growth Business news Personal loan growth Bank credit RBI gold loan policies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 09:03:03 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23959785

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 9 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 53 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #28

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