The crash in gold prices turns RBI to focus more on loan companies... The RBI has moved into the high alert mode and will call for information from gold loan companies and provide those with high loan- to- value ratio.
Gold prices has fallen more than 5% in last 5 months and trend in the futures market indicate that prices may fall further. The gold is an idle asset in the the hands of an individuals and there is a huge unlocked economic value in the Indian economy...just a small fraction of idle gold stock is used to raise gold loans at present...
Gold prices has fallen more than 5% in last 5 months and trend in the futures market indicate that prices may fall further. The gold is an idle asset in the the hands of an individuals and there is a huge unlocked economic value in the Indian economy...just a small fraction of idle gold stock is used to raise gold loans at present...
No comments:
Post a Comment