Latest Retail Credit Market News & Updates

New Delhi, March 31 (IANS) Gold loans have emerged as the leading segment in India’s retail credit market, accounting for loan volumes at 36 per cent and around 40 per cent by value, driven by rising gold prices and increasing consumer preference for secured borrowing, a report said on Tuesday.The report by TransUnion CIBIL showed that the surge has been supported by a sharp increase in ticket sizes, with the average gold loan amount rising significantly over the past two years to around Rs 1….

New Delhi, Dec 25 (IANS) Over the past years, the government has undertaken a historic wave of reforms, abolishing over 40,000 unnecessary compliances and repealing more than 1,500 outdated laws, thus creating a modern, efficient, and citizen-friendly ecosystem. The GST rate rationalisation, which came into effect from September 22 this year, was one such ‘Big Bang reform’ towards building a ‘Viksit Bharat’.On the 79th Independence Day, Prime Minister Narendra Modi addressed the nation and a…