RBI governor cautions against gold, home loan top-ups

Quick Summary:

RBI governor Shaktikanta Das cautioned banks against rapidly expanding personal loans by offering top-ups on existing home and gold loans.

He highlighted concerns about non-compliance with regulatory limits and the risk of loans being used for speculative purposes.

Das also noted that continued disconnect between loan and deposit growth could lead to structural liquidity issues for banks.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaMali

Topics: Credit growth Retail customers Alternative investment avenues Personal loans Home loan top-ups Shaktikanta Das Structural liquidity issues RBI Business news Speculative purposes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 07:41:58 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 21994291

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Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 20 posts per day

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