Public sector banks asked to reassess gold loan process amid debt risk concerns
The Department of Financial Services (DFS), a division of the Finance Ministry has instructed all state-run banks last month to scrutinize their gold loan accounts granted after January 1, 2022.
![Public sector banks asked to reassess gold loan process amid debt risk concerns](https://cdn.zeebiz.com/sites/default/files/2024/03/13/283951-bank-and-gold.jpg?im=FitAndFill=(1200,900))
As gold prices continue their upward trajectory, the valuation of gold assets tied to loans is undergoing a significant recalibration. Image source | Pixabay