Top
Begin typing your search above and press return to search.
exit_to_app
Outlook for BJP in Kerala
access_time 2021-05-06T11:21:07+05:30
Not Covid deaths, but mass murder
access_time 2021-05-05T10:52:36+05:30
Poll results that carry lessons
access_time 2021-05-04T10:39:06+05:30
The whistles of danger that must be heard
access_time 2021-04-30T11:44:21+05:30
DEEP READ
Iran and the revival of JCPOA
access_time 2021-04-23T13:21:09+05:30
A model mosque in Gujarat
access_time 2021-04-12T17:13:34+05:30
Towards a digital emergency?
access_time 2021-02-27T14:50:41+05:30
The slaughter of democracy in Puducherry
access_time 2021-02-24T11:27:21+05:30
Populist Fascism
access_time 2021-01-31T17:19:29+05:30
Media Freedom
access_time 2021-01-31T15:47:07+05:30
exit_to_app
Homechevron_rightBusinesschevron_rightLoan to value ratio...

Loan to value ratio for gold loans raised to 90 pc

text_fields
bookmark_border

Mumbai: The Reserve Bank of India on Thursday raised the permissible loan to value (LTV) ratio for gold loans for non-agricultural purposes to 90 per cent from 75 per cent.

With a view to further mitigate the economic impact of the COVID-19 pandemic on households, entrepreneurs and small businesses, it has been decided to increase the permissible loan to value ratio for loans against pledge of gold ornaments and jewellery for non-agricultural purposes from 75 per cent to 90 per cent, RBI said in its Statement on Developmental and Regulatory Policies.

The said relaxation shall be available till March 31, 2021, the central bank said.

The detailed guidelines on this will be issued by RBI later on Thursday.

The earlier guidelines said the loans sanctioned by banks against pledge of gold ornaments and jewellery for non-agricultural purposes should not exceed 75 per cent of the value of gold ornaments and jewellery.

Show Full Article
TAGS:Gold RBI Goldprice loan 
Next Story