NPAs in the gold loan sector will not go up due to a surge in gold prices, says Indel's Umesh Mohanan
Synopsis
Indel Money's Executive Director, Umesh Mohanan, anticipates no NPA surge in the gold loan sector despite rising gold prices. RBI's revised gold loan guidelines, accommodating stakeholder concerns with LTV relaxations, will benefit small borrowers and sustain NBFC growth. Secured debt funding via NCDs enhances transparency and financial stability for gold loan companies.
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Time of India
7 hours ago
- Time of India
NPAs in the gold loan sector will not go up due to a surge in gold prices, says Indel's Umesh Mohanan
Synopsis Indel Money's Executive Director, Umesh Mohanan, anticipates no NPA surge in the gold loan sector despite rising gold prices. RBI's revised gold loan guidelines, accommodating stakeholder concerns with LTV relaxations, will benefit small borrowers and sustain NBFC growth. Secured debt funding via NCDs enhances transparency and financial stability for gold loan companies.
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