From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Banks overtake NBFCs in gold loans outstanding
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Non-banking financial companies are innovating loan products to align with upcoming Reserve Bank of India guidelines. These guidelines aim to limit revolving credit facilities, prompting firms to develop term loans. Bajaj Finance has already begun launching new term loan variants, while Tata Capital…
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Retail and personal loans remained a major area of NBFC activity, with outstanding credit reaching ₹19.26 lakh crore, against ₹66.64 lakh crore for banks
