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

Dununu.com Dununu

Sponsor

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

RSS Feed Business

Posted

101

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!

11 Nepali workers deported from Croatia return home

KATHMANDU: Eleven Nepali citizens who had traveled to Croatia for foreign employment have been...

By 0 4

'Udaipur Files': Delhi HC stays release of film; urges petitioners seeking ban to approach Centre

By 0 18

Tragedy in Gurugram: Who was Radhika Yadav? Indian tennis player shot dead by father

In a tragic incident, 25-year-old tennis player Radhika Yadav was allegedly shot dead by her...

By 0 21

IND vs ENG 3rd Test: Pant injured, Jurel takes over wicketkeeping duties

India faced a setback on Day 1 of the Lord's Test as wicketkeeper Rishabh Pant sustained an...

By 0 23

US market today: Stocks open sluggishly as Delta soars on upbeat outlook; WK Kellogg rallies on takeover buzz

US stocks opened cautiously despite Delta Air Lines' strong earnings report and optimistic...

By 0 23