Mr. CVR Rajendaran, CEO & MD, CSB Bank on the monetary policy announcement

Mr. CVR Rajendaran, CEO & MD, CSB Bank says, "This is a progressive step and should increase the demand for gold loans. This will put more money in the hands of the borrower. The increase in LTV Ratio will help us to grow the book. While this move will help broaden the gold loan market, we will also witness an increased competition in this segment. Lenders will need to ensure that their valuation and risk management processes remain tight and robust."

Source : Equity Bulls

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