Michelle W Bowman: Large bank supervision and regulation Speech (virtual) by Ms Michelle W Bowman, Member of the Board of Governors of the Federal Reserve System, at the Institute of International Finance (IIF) Event, Washington DC, 30 September 2022.
Although banks are also involved in gold loan business, NBFCs’ gold loans witnessed phenomenal growth due to their customer friendly approaches like simplified sanction procedures, quick loan disbursement etc. Branches of gold loan NBFCs increased significantly during the last couple of years mostly housed at semi-urban and rural centres of the country.