......."The financial performance of the gold loans NBFC's and the current level of their borrowings from the banking system are not of significant concern. There appears to be no immediate systemic implications in terms of domestic financial stability due to the interconnectedness of gold loans NBFCs and banking system," said the working committee, which was constituted under the chairmanship of K U B Rao, Advisor, Department of Economic and Policy Research, RBI; to study the gold loan business in India............
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