TY  - BOOK
AU  - Teena Jain Kaushal 
TI  - Dark side of Gold Loans 
PY  - 2024///
CY  - New Delhi 
PB  - Living Media Ltd 
KW  - Gold Loan
KW  - Financial Services
KW  - RBI Regulation
KW  - Loan to Value
N2  - The RBI asked the company to immediately stop its gold loan operations, which accounts for a third of its business. The reason the regulator found some major lapses in how company handled the gold loans. In February the association of Gold Loan Companies asked the RBI to investigate certain bank branches for breaking the rules governing how much money can be given against gold ornaments.The gold loans outstanding of banks and NBFC was 6.1 lakh crore as of F.Y. 23 per a Nirmal Bang report With the gold prices touching record highs, the demand for gold loan is expected to rise. Thus rules need to be tightened to protect small and underprivileged borrowers.
ER  -