• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

RBI To Issue New Guidelines For Gold Loans

OMMCOM NEWS by OMMCOM NEWS
April 9, 2025
in Business

Mumbai: RBI Governor Sanjay Malhotra announced on Wednesday that it has been decided to issue comprehensive regulations on prudential norms and conduct-related aspects for gold loans following concerns raised over the issue.

The review of guidelines for lending against the collateral of gold jewellery and ornaments are extended by regulated entities (REs) for both consumption and income-generation purposes.

“Prudential and conduct-related regulations for such loans have been issued from time to time, and they vary for different categories of REs. With a view to harmonizing such regulations across REs while keeping in view their risk-taking capabilities and also to address a few concerns that have been observed, it has been decided to issue comprehensive regulations on prudential norms and conduct-related aspects for such loans,” Malhotra said.

The draft guidelines in this regard are being issued for public comment.

Shares of Muthoot Finance, IIFL Finance, Manappuram Finance, Cholamandalam Investment and Fin Co fell up to 7 per cent on Wednesday after the announcement.

The RBI had observed a sharp surge in gold loans across the country, reflecting an increasing dependence on gold as collateral to meet financial needs. According to an RBI report, gold loans saw significant growth in the period ending September 2024 compared to the same period a year earlier.

However, the central bank also raised concerns over irregular practices observed among certain supervised entities (SEs) involved in gold lending. To address these issues, the RBI issued comprehensive guidelines on September 30, 2024, directing SEs to review their policies, processes, and practices.

The report identified several gaps, including deficiencies in outsourcing practices, discrepancies in gold valuation, inadequate due diligence, and insufficient monitoring of the end use of loan funds. These measures aim to ensure that the rapid growth in gold loan portfolios remains sustainable and free from malpractice.

Non-Banking Financial Companies (NBFCs) continue to dominate the gold loan segment, holding a substantial 59.9 per cent share of total gold loans disbursed by both banks and NBFCs as of March 2024. This underscores their critical role in catering to borrowers who rely on gold jewellery and ornaments for securing loans.

(IANS)

Tags: non-banking financial companies (NBFCs)RBI Governor Sanjay Malhotra
ShareTweetSendSharePinShareSend
Previous Post

Two Cops Face Knife Attack While Trying To Resolve Family Fight In Sundergarh  

Next Post

Upset Over Class 12 Results, Five Girl Students Commit Suicide In Karnataka

Related Posts

Trump
Business

Trump’s ‘Dead Economy’ Jibe Falls Flat As India’s GDP Growth Surges To 7.8 Pc

August 29, 2025
Lucknow
Business

Adani Airports Plans Big Upgrade For Lucknow International Airport, To Spend Rs 10,000 Crore

August 29, 2025
Energy Efficiency Index
Business

Maharashtra Ranks First In State Energy Efficiency Index 2024

August 29, 2025
Centre
Business

Centre Transfers Over Rs 4.28 Lakh Crore As Tax Revenue To States

August 29, 2025
Piyush Goyal
Business

India, Africa Must Double Bilateral Trade By 2030: Piyush Goyal

August 29, 2025
GDP
Business

India’s GDP Growth Accelerates To 7.8 Pc In April-June Quarter

August 29, 2025
Next Post
Suicide

Upset Over Class 12 Results, Five Girl Students Commit Suicide In Karnataka

NPCI To Decide On Person-To-Merchant Payments Cap On UPI Transactions: RBI

Our Lives Will Be Better By Following What PM Modi, Gurus Say: CM Rekha Gupta

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.