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For more than 3,000 years, humans have been using goods – and, sometimes, labor – as collateral for a financial loan. In fact, the word pawn reportedly stems from the Latin pannum, or clothing, which was the most common form of collateral used in 15th-century Europe. Today, most lenders won’t accept your best outfit as collateral [.]
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Mudra loans NPAs at best could be under 3.5 per cent of total outstandings of Rs 2. 4 lakh crore of the PSBs in fiscal 2018, which is not alarming or worrisome,” a finance ministry official said..