Shares of gold loan NBFC companies, including IIFL Finance, Muthoot Finance, and Cholamandalam Financial Holdings, fell after RBI announced new prudential norms for gold loans.
The new gold loan framework aims to harmonize rules across regulated entities, while considering their differing risk profiles, said the RBI.
RBI also proposed fresh norms for non-fund based facilities to ensure regulatory uniformity and broaden funding avenues for infrastructure projects.
Additionally, the RBI plans to enable securitization of stressed assets and expand the co-lending model to cover all loans and regulated entities.