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CURB GOLD LOANS
What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...
Andhra Cabinet gives nod to 34 proposals; boosts aviation, irrigation, industrial developmentThe Andhra Pradesh Cabinet approved 34 proposals, including a new aviation policy, organ transplantation law, and revised funding for the P...
RBI, rating firms assess Iran war risks on Indian companiesThe Reserve Bank of India is proactively assessing potential borrower stress due to the US-Iran conflict, engaging with local credit rating...
How gold ETFs, tax changes, and recycling incentives can reduce India’s dependence on gold importsOne of the objectives of the gold ETF was not merely financial innovation but to reduce, or at least postpone, the import of physical gold....
New era begins: Warsh steps into Fed role; Prepares for inflation battle and potential rate hikesKevin Warsh assumes leadership of the U.S. Federal Reserve. This marks a new chapter for the central bank and President Trump. Warsh faces ...
Duty hike may bring out more old gold into marketIndustry executives said promoting sales of lower carat jewellery like 14K and 9K can reduce imports by 20-30%, and discouraging investment...
Metal stocks shine as global base metal rally lifts investor sentimentMetal stocks surged on Tuesday, mirroring a sharp rally in global base metal prices driven by supply disruptions and robust demand. Gold lo...
Explainer: Why India's higher tariffs are unlikely to dent gold, silver demandIndia has increased import duties on gold and silver to 15 percent. This move aims to reduce imports and protect foreign exchange reserves....
India rolls out new gold math with import duty hike. Who will foot the bill?India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange re...
The 2013 ghost returns: Will higher gold duties actually restrict imports or just fuel the grey market?India’s shock hike in gold and silver import duty to 15% has revived memories of the 2013 crisis. While the move aims to curb dollar outflo...
When former PM Indira Gandhi donated her gold jewelleryAn old photograph of Indira Gandhi donating her jewellery during the 1962 India-China war has resurfaced amid current debates on gold purch...
Big banks urge RBI to rethink uniform forex exposure capIn recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged ...
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upsideThe RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...
These 9 banking stocks have an upside potential of up to 27% in 1 year, according to analystsWe are in times when a statement by US President Trump can cause crude oil prices to drop sharply and another by Iran can push them back up...
Can AI fix your credit score? Krutrim shuts down assistant KrutiHappy Thursday! Fintechs are building AI solutions to help boost the creditworthiness of borrowers. This and more in today’s ETtech Morning...
$5 trillion gold lying with Indian households: Kotak explains macro downside of Midas touchIndian households now own gold worth nearly $5 trillion, a scale that Kotak Institutional Equities warns could distort savings patterns and...
Regulatory changes set to slow gold loan growth: CRISIL reportThe regulatory streamlining by the RBI is expected to curb gold loan growth as lenders must review and align policies to compliance norms. ...
Banks approving loans on condition borrowers don't buy goldBanks have placed the condition that borrowers should not use even personal loans to buy gold, a senior official of a private sector bank s...
Ban on loans for gold won't hurt demand, say jewellersRBI's decision to impose a ban on banks from advancing loans to customers for purchasing gold in any form has caused little worry among jew...
Multiple dangers ahead if gold price crashesThe lenders are also in danger: they might find that they have lent more than can be recovered from crashing value of collateral, as happen...