Gold loans surge as small borrowers shun MFIs: 122% jump in June, shows RBI data; soaring prices, lower rates fuel shift – The Times of India

Lower-income borrowers with limited income are increasingly turning to gold loans instead of microfinance institutions (MFIs) to meet urgent financial needs. Rising gold prices, lower gold-loan interest rates and stricter…

Continue ReadingGold loans surge as small borrowers shun MFIs: 122% jump in June, shows RBI data; soaring prices, lower rates fuel shift – The Times of India

Bank credit and deposit growth tumbles down in third quarter of FY25: RBI – The Times of India

NEW DELHI: Bank credit and deposit growth slowed in the October-December quarter of 2024, according to data released by the Reserve Bank of India. In December 2024, the annual bank…

Continue ReadingBank credit and deposit growth tumbles down in third quarter of FY25: RBI – The Times of India