Home Business Banks Adopt Cautious Approach to Gold Loans After RBI Warning…!!

Banks Adopt Cautious Approach to Gold Loans After RBI Warning…!!

By
Business Editor - Nikhil Bhatt
-
17
0
Amid high volatility in gold prices, banks and non-banking finance companies (NBFCs) have tightened gold loan norms. Following a warning from the Reserve Bank of India (RBI), lenders have reduced the loan-to-value (LTV) ratio from 70–72% to 60–65%. As a result, borrowers will now receive smaller loan amounts against the

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