Closing the Last Financial Window? RBI’s Gold Loan Norms Risk Reviving Informal Lending in India
When Emergency Credit Becomes a Casualty of Regulation!!!A probable political backlash could emerge as millions of low-income and rural families—struggling to access emergency funds—perceive the new RBI gold loan norms as a government-endorsed closure of their last legal credit lifeline, especially in an election-sensitive climate.While the RBI is constitutionally independent and rightly so, monetary policy…
