India's central bank plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of ...

India's central bank plans to enforce stricter underwriting processes for gold loans, ensuring ethical business practices and ...

The Reserve Bank of India wants banks and non-banks to also bolster background checks on borrowers and ascertain the ...

Gold loans have been rising by 50 per cent since September, sharply outpacing the growth in overall loans in India, bolstered ...

The Reserve Bank of India plans to implement stricter underwriting processes for gold loans, urging banks to enhance ...

The RBI wants banks and non-banking financial companies (NBFCs) to conduct deeper background checks on borrowers and verify ...

In September, the RBI had revealed that it had unearthed several irregular practices in the gold loan industry. The regulator ...

Since September 2024, gold loans from banks have risen by 50%, significantly outpacing the growth of overall loans. This ...

On the basis of the internal auditors' report, the supervisory teams at RBI may take punitive action against non-compliant ...

Retail credit growth slowed to 12% in January 2025, down from 29% last year, with unsecured loans growing 9%, consumer ...

Consumer credit exposures of commercial banks and NBFCs (excluding housing, education, vehicle loans and loans secured by ...

RBI wants banks and non-banks to also bolster background checks on borrowers and ascertain the ownership of the gold that is being mortgaged, the report said ...