In the first half of FY25, banks reported a 43.4% increase in gold loan disbursements due to high gold prices, leading to a total outstanding amount of Rs 147,081 crore by September 2024. The RBI flagged deficiencies in gold loan practices, prompting a review of policies and processes, including issues like third-party sourcing, inadequate due diligence, and incorrect application of risk-weights. The central bank also noted concerns over cash disbursal, short loan durations, and lack of transparency during auctions, urging lenders to improve their practices to mitigate risks.
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'Google is training a model that could run on Apple’s servers', as iPhone maker explores …
Apple is in preliminary talks to license Google's Gemini AI model to enhance its Siri voice assistant, following setbacks in Siri's upgrade timeline. The company is internally testing two versions of Siri, one powered by its own models (Linwood) and another using external technology (Glenwood), while considering collaborations with other AI firms like Anthropic and OpenAI. Want More Context? 🔎
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