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February 15, 2021
Seen as safe bet in terms of both growth and asset quality
Gold loans stood out in banks’ loan portfolio in the first nine months of the current financial year, both in terms of growth and asset quality.
Banks aggressively expanded their loan against pledge of gold ornaments and jewellery (jewel loans) portfolio in the wake of the Covid-19 pandemic.
During the first nine months of FY2021, banks preferred to lend either against highly liquid collateral such as gold or Government guarantee as they feared the economic downturn would affect customers’ ability to repay loans.
State Bank of India’s (SBI) personal gold loan book jumped four times in six months (up to December-end 2020) to stand at ₹17,492 crore.
Read more about Decoded: What are pro forma NPAs and how does that impact borrowers? on Business Standard. An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower than the ones earmarked on pro forma basis
Big break for ‘Big Dave’ as charge withdrawn Surf shop owner caught riding waves during level three lockdown says industry hit hard PREMIUM By Kathryn Kimberley - 12 February 2021
Not even the prospect of arrest could deter Eastern Cape surfing legend Dave Lipschitz from catching some waves during the lockdown.
With the charge against him withdrawn by the National Prosecuting Authority this week, the 66-year-old surf shop owner and surf industry pioneer has spoken out about why he defied the Covid-19 lockdown regulations to surf.
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