RBI’s Warning to Banks on Gold Loans: The Rise of “Yellow Fever” and the Implications for the Financial Sector
The Reserve Bank of India (RBI) has recently issued a stern warning to all banks that offer gold loans. The demand for gold loans has surged significantly in recent times, rising from 20% in August last year to an astounding 41% this year. While this increase in demand might signal growing confidence in using gold … Read more