The RBI wants banks and non-banking financial companies (NBFCs) to conduct deeper background checks on borrowers and verify ...

The Reserve Bank of India wants banks and non-banks to also bolster background checks on borrowers and ascertain the ...

The Reserve Bank of India plans to implement stricter underwriting processes for gold loans, urging banks to enhance ...

In September, the RBI had revealed that it had unearthed several irregular practices in the gold loan industry. The regulator ...

India's central bank plans to enforce stricter underwriting processes for gold loans, ensuring ethical business practices and ...

RBI wants banks and non-banks to also bolster background checks on borrowers and ascertain the ownership of the gold that is being mortgaged, the report said ...

This sharp increase has been attributed to stricter regulations on unsecured loans, making gold-backed borrowing a more ...

According to news agency Reuters, the RBI wants banks and non-banks to also increase background checks on borrowers and specify the ownership of gold being mortgaged. “The RBI wants to ensure ...

Prior to this, Joshi was serving as principal advisor to the department of statistics and information management.

Since September 2024, gold loans from banks have risen by 50%, significantly outpacing the growth of overall loans. This ...

Background Verification and Ownership Checks A key focus of the RBI’s proposed measures is strengthening background verification of borrowers and confirming the ownership of the gold used as ...