Gold loans and RBI policy
Gold loan companies are appealing to the Finance Ministry and the Reserve Bank of India (RBI) to postpone the implementation of revised lending guidelines. The industry is requesting a six-month delay from the scheduled April 1 commencement.
The appeal is driven by concerns over potential global uncertainties and the risk to credit access, according to industry sources. The new guidelines are expected to impact lending practices within the gold loan sector.
Industry stakeholders are engaging with regulators to address these concerns, emphasizing the need for a stable regulatory environment given prevailing economic conditions.
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