8legs: Reserve bank of india

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HDFC Bank appoints Keki Mistry as interim part-time chairman pending RBI approval after the resignation of the current chair.
Deputy Managing Director Kaizad Bharucha was given added duties as the bank reviews its organisational structure.
The bank stated there is no decision or timeline yet on Sashidhar Jagdishan’s potential reappointment as CEO.
The leadership change comes as HDFC Bank’s board aims to shield investor confidence during the transition.
Shares and U.S. ADRs fell sharply following the resignation news.
HDFC Bank confirmed the interim leadership will hold until RBI approves longer-term arrangements.
The resignation concerns the bank’s chair position due to value differences.
HDFC Bank’s chair had been serving part-time while the interim arrangement is reviewed.
The board named Mistry as interim chairman while seeking RBI approval for a longer-term plan.
TradingView News summarized the key facts of the HDFC chair resignation and interim measures.

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#2 out of 2

Gold-backed lending in India is surging, making it the fastest-growing retail loan segment as bullion prices rise.
Bain Capital received RBI approval to acquire up to 41.7% in Manappuram Finance, signaling strong investor interest.
NBFCs dominate gold-loan volumes, accounting for roughly 45%–50% of loans, according to Macquarie research.
RBI data show gold loans more than doubled in a year to 4 trillion rupees in January.
Shifts in consumer credit reflect tighter rules on unsecured lending and a surge in gold prices.
The gold-loan surge is broadening beyond traditional southern and semi-urban markets to middle- and upper-class urban segments.
Manappuram Finance and Muthoot Finance have benefited from rising demand, with their shares outperforming the Nifty 50.
Industry executives see gold loans as a fast, accessible credit line, even for borrowers with lower credit scores.
Analysts warn the gold-loan boom could indicate underlying financial stress amid slower income growth.
The RBI's approval of private equity investment underscores international interest in India's gold-asset finance.

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