In TrendsBRICS Summit 2026Sensex TodaySteamhouse India IPO GMPGold and Silver PricesBRICS Summit IndiaBank Strike TodayExclusive | Is the RBI worried about gold loans? Here's what the governor saidRBI monitors rapid gold loan growth but sees no immediate concern due to low GNPAs, LTVs, and safeguards, says Governor Sanjay Malhotra.By Latha Venkatesh | Anshul September 11, 2026, 2:38:59 PM IST (Published)The Reserve Bank of India (RBI) is watching the rapid growth in gold-backed loans, but Governor Sanjay Malhotra said the segment does not currently show signs of overheating, citing conservative loan-to-value (LTV) levels and improving asset quality.“Because there is a high growth, we should be watchful, and we should be alert, which we are,” Malhotra said in an interview with CNBC-TV18.The governor said gold-backed loans across banks and non-banking financial companies (NBFCs) are now around ₹20 lakh crore, with NBFCs accounting for about ₹4 lakh crore.He described the overall gold-loan book as still a single-digit share of the total credit book.The rapid growth in gold loans has been driven by several factors, according to Malhotra. One is the rise in gold prices, which means borrowers can become eligible for a higher loan amount against the same collateral.“The value of gold itself…
Original source: https://www.cnbctv18.com/entertainment/
