Discernible growth of Gold Loan NBFCs in India

Justine George and Alphonsa Kurian

MPRA Paper from University Library of Munich, Germany

Abstract: Discernible growth of gold loan NBFCs recorded mainly on the backdrop of appreciation in gold price affirming the indicators of financial soundness such as capital adequacy ratio, Non Performing Asset (NPA) and share of borrowing in the total asset of bank that are contained well within the limit specified by RBI. Rules and regulations on gold loan NBFCs and concomitant decline in gold price have led to the saturation of growth of NBFCs. In short, the sharp correction of gold price would have a devastating effect not just on gold loan NBFCs but also on the entire financial market.

Keywords: NBFCs; RBI; Gold Loan. (search for similar items in EconPapers)
JEL-codes: G2 G23 (search for similar items in EconPapers)
Date: 2014-11
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