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

Dununu.com Dununu

Sponsored

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!

Gold demand: Gold ETF inflows hit 5-month high at Rs 2,081 crore in June; investor rush lifts AUM close to Rs 65,000 crore

Investor interest in gold-backed mutual funds soared in June, with Gold ETFs attracting...

By 0 1

Human rights court rules Caster Semenya did not get fair hearing in sex eligibility case

Caster Semenya secured a partial win at the European Court of Human Rights. This is regarding her...

By 0 2

IND vs ENG: From visiting Lord's as teenager' - Sachin gets emotional

Sachin Tendulkar's portrait was unveiled at the MCC Museum at Lord's, marking a full-circle...

By 0 2

NRNA-Australia to resume membership distribution ahead of unity convention

SYDNEY: The Non-Resident Nepali Association (NRNA) National Coordination Council (NCC) Australia...

By 0 4

Linda Yaccarino education qualification: When Deer Park School shaped the grit and Penn State forged the visionary

By 0 11