NIFTY  8,945.20  0.20%
  SENSEX  28,926.60  0.21%
 CURRENCY  Rs  66.97/$ 70.65/€, 83.29/£
  GOLD  29,260.00  0.18%
  SILVER  42,708.00  -0.01%
  DAX  11,998.60  0.26%
  FTSE  7,302.25  0.38%
  CAC  4,895.88  0.12%
  HANG SENG  24,202.00  0.99%
  NIKKEI  19,379.90  -0.01%
  Shanghai Composite  3,261.22  0.13%
  DOW JONES  20,775.60  0.16%
  NASDAQ  5,860.63  -0.09%
  S&P 500  2,362.82  -0.11%
FROM COGENCIS : JP Power: ICICI Bank Acquired 13.6% Share In Co Via Debt Recast

Value Of Securities Evaporated When Gold Prices Dropped: B. D. Narang

Video:

Play this video

Bloomberg TV India spoke to B.D. Narang, banking sector veteran and former CMD of Oriental Commerce Bank, about the possible implications of falling gold prices on the banking system and gold loans. Stating that the loan-to-value (LTV) has dropped to 65% from the earlier 80%, he said, “The value of securities evaporated when gold prices dropped.”