New gold loan rules soon: These 9 proposals in RBI’s draft...

Dununu.com Dununu

Patrocinados

New gold loan rules soon: These 9 proposals in RBI’s draft guidelines may impact you

RSS Feed Business

Posted

100

Reserve Bank of India plans to standardize gold loan rules. New guidelines focus on banks and NBFCs. Loan-to-value ratio is capped at 75%. Borrowers need to prove gold ownership. Lenders must provide purity certificates. Loans are allowed against specific gold and silver. There are limits on collateral weight. Gold valuation will be standardized. Detailed loan agreements are mandatory.

Read Full Article

Please log in to like, share and comment!

Who is Jay Chaudhry? One of America’s top immigrant billionaires who built a $20 billion cybersecurity empire

Jay Chaudhry, an Indian immigrant, overcame a challenging upbringing to become a cybersecurity...

By 0 2

Turkey: Government silences last critical media outlets

By 0 2

Farah earned more than SRK on 'Kabhi Haan Kabhi Naa'

Shah Rukh Khan and Farah Khan’s enduring friendship began during Kabhi Haan Kabhi Naa...

By 0 5

Exploring John Abraham's Rs 251 crore net worth - DEETS

John Abraham is more than just an actor. He owns luxurious properties like Villa in the Sky and a...

By 0 5

Nepal’s economy grows by Rs 400 billion, reaches Rs 6.1 trillion this fiscal year

KATHMANDU: Nepal’s economy has expanded by Rs 400 billion this fiscal year, reaching a...

By 0 7