Pace of gold loan expansion slows as banks adjust to new regulations
Bank gold loans grew significantly, though at a slower pace.
Personal loans also saw increased growth, driven by housing and vehicle financing.
New regulations adjusted loan-to-value ratios and repayment tenures for gold loans.
Housing and vehicle loans experienced notable year-on-year increases in their outstanding amounts.
Overall bank credit expanded robustly, with services sector leading the growth.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
