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Gold Loan Industry to Revamp Repayment Model Amid RBI Concerns

RBI’s Stern Warning Sparks ChangeThe Reserve Bank of India (RBI) has expressed dissatisfaction with irregularities in gold loan practices, issuing a strict warning to banks and gold loan companies. This has prompted the industry to consider introducing monthly repayment plans for borrowers, marking a potential shift in how gold loans are structured and repaid. From […]