India Eases Gold Loan Rules & Bank Ownership

  Published 1 year ago

India's RBI will finalize relaxed gold loan regulations by Monday, particularly for smaller loans up to ₹250,000, boosting LTV ratios & easing appraisal needs. They're also reviewing bank ownership guidelines for foreign investment.

  • RBI to remove credit appraisal for small gold loans.
  • LTV ratio for small loans to rise to 85%.
  • Monitoring funds needed only for priority sector loans.

You might like these

India's Power Capacity Soars 90% to 475 GW in a Decade

Nuvama Buyout Talks Surge, Shares Rise 3.25%

Durvalumab Approved for Endometrial Cancer

Quality Power Wins Finland Order

India to Boost First-Time Exporters

HCLTech & Dunedin Ink IT Deal

Piramal Pharma Sells Idle Unit

News that matters the most ⚡