The RBI committe has recently proposed to increase the loan to value (LTV) ratio to 75% from the present 60% for the Gold Loan companies
This is going to improve the Gold Loan Market in the coming period in India .
Gold Loan companies are presently registering at a CAGR of 120% since last four years .
The Committe has also appreciated the positive role of banks and non-banking financial companies (NBFCs) in monetising huge quantily of gold which is otherwise sitting unproductive .
This is going to improve the Gold Loan Market in the coming period in India .
Gold Loan companies are presently registering at a CAGR of 120% since last four years .
The Committe has also appreciated the positive role of banks and non-banking financial companies (NBFCs) in monetising huge quantily of gold which is otherwise sitting unproductive .
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