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Gold price fall not a worry for NBFCs, but banks need to be watchful

Gold price fall not a worry for NBFCs, but banks need to be watchful  

13 Apr, 2021  

Mumbai, April 13 (IANS) The correction in gold prices in recent months is not expected to materially impact the asset quality of non-banking financial companies (NBFCs) lending against gold. Apart from periodically collecting interest over the past few fiscals, they have ensured that disbursement loan-to-value (LTV) is maintained below 75 per cent, ratings agency Crisil said.