A naukri.com initiative
Bloomberg Quint
1w
62
Image Credit: Bloomberg Quint
RBI Issues Harmonised Draft Guidelines On Gold Loan Lenders
- The Reserve Bank of India (RBI) has issued comprehensive draft guidelines on gold loans.
- LTV cap of 75% will apply to all gold loans sanctioned by non-banking financial companies.
- Proper charge shall be created on security for income-generating loans in addition to the pledge or charge on gold collateral.
- RBI aims to harmonize guidelines on gold loans and improve risk management in the sector.
Read Full Article
3 Likes
For uninterrupted reading, download the app