RBI move to slow down gold loan growth, lead to uptick in delinquencies: Crisil

CRISIL has warned that the RBI’s move to slow down gold loan growth could lead to an uptick in delinquencies. The central bank’s efforts to curb gold loan growth are aimed at controlling risks in the sector, but it may also result in borrowers struggling to repay their loans, leading to higher default rates. Gold loans have been a popular form of credit due to their quick approval process, but rising delinquencies could impact lenders' financial health. CRISIL suggests that banks need to reassess their gold loan portfolios to mitigate risks.