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  • Reserve Bank of India (RBI), RBI Stricter norms, nbfc gold loans rbi for stricter norms, Gold loan assets

    NBFC gold loans: RBI for stricter norms 2012-03-24 05:45:41

    RBI also made it clear henceforth that, NBFCs should not grant any advance against bullion or primary gold and gold coins. Also, RBI observed that NBFCs who are predominantly engaged in lending against the collateral of gold jewellery have recorded...

    Keywords: matter of abundant caution, Loan-to-Value (LTV) ratio, volatility in the gold prices, Muthoot Finance

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