Non-bank lenders flag early stress in gold loans
Top non-bank lenders in India have flagged early signs of stress in loans secured against gold. The warning points to early trouble in this part of lending.
ContextContext: Gold loans let people borrow against their gold jewellery and became popular as gold prices climbed. Non-bank lenders, or NBFCs, operate outside the banking system and often serve smaller borrowers.
Read at Reuters
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