Exclusive | Big news for gold loan companies! PSU banks to now give gold loans at low rates
Public sector banks (PSBs) may start providing gold loans to retail customers, according to sources in the government and the Reserve Bank of India (RBI). The retail loan seekers will get a loan equivalent to 75 per cent of the value of the gold. Zee Business' Kushal Gupta reports
This could be a game changer for gold NBFCs, which have a considerable presence in this sector and it will increase competition for them, Zee Business Managing Editor Anil Singhvi revealed