Gold loans have seen a remarkable surge, growing by 125 percent in a year. This boom is attributed to rising gold prices, making it a more valuable collateral. Banks have now overtaken NBFCs in the gold loan market share. Other loan segments like vehicle and personal loans also showed growth, while consumer durable loans contracted.
Rupee has scope to stabilise, appreciate: RBI deputy governor Poonam Gupta
“One may think of the cumulative depreciation of the INR in the past year and a half to be a temporary phenomenon,” she said. “If