The Reserve Bank of India’s draft guidelines for foreclosure on home loans, loans against property, and SMEs could boost competition among lenders and affect profitability. The new rules aim to increase borrower flexibility by waiving pre-payment penalties and foreclosure charges, impacting non-bank lenders and housing finance firms.
As safe-haven gold surges again, loan demand to also shoot up
Gold loan companies expect a significant increase in demand. Record gold prices, fueled by geopolitical tensions, are driving this trend. MSMEs and individuals are likely