India Seeks Gold Loan Rule Relaxations

  Published 1 year ago

India's finance ministry has requested the RBI to ease new gold loan rules, fearing they'll harm small borrowers. They propose excluding loans under ₹200,000 and delaying implementation until 2026. Stocks reacted positively to the news.

  • RBI proposed tighter rules after the loan surge.
  • Ministry wants exemptions for small loans.
  • Implementation delay sought for lender prep.

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