....India Ratings said that the impact of falling gold prices could be felt across the industry, the gold loan NBFCs is more vulnerable than banks’, despite similar LTVs at the time of disbursal. Among the banks, south India based private sector banks are likely to be more impacted, primarily due to the higher proportion of gold loans in their books said Prakash Agarwal, associate director (Banks) of India Ratings in a note. He further said that agency is reviewing the gold loan portfolios of rated banks and NBFCs to evaluate the impact fall in gold prices on profitability......
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