Economy · India

NBFC Gold Loans See Significant Growth, Reaching ₹3.41 Lakh Crore

Non-Banking Financial Company (NBFC) gold loans experienced substantial growth, reaching ₹3.41 lakh crore in June. This represents a near 70% increase, with one report specifying 69.3% growth. The Reserve Bank of India (RBI) reported these figures. Concurrently, industry credit growth has moderated.

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