RBI to relax gold loan norms, no credit appraisal for small loans, LTV ratio revised to 85%. Governor announces changes.

The political class feels that the draft norms will hit the poor, who form the bulk of gold loan borrowers. SENSEX 81,861.25 + 499.38. NIFTY 24,919.05 + 125.80. CRUDEOIL 6,411.00 ...

RBI’s draft norms: Why sub-Rs 2 lakh gold loans call for soft-touch rules The finance ministry has urged RBI to exempt gold loans under Rs 2 lakh from draft norms to protect small borrowers.

Malhotra said the Loan-to-Value (LTV) for gold loans below Rs 2.5 lakh will be revised to 85 percent, from the proposed 75 percent as part of the latest recommendations.

Based on feedback from the industry and the government, the final norms are easier than the previously proposed draft norms. They include a higher loan-to-value ratio for small-ticket loans and ...

Chennai: Keeping small borrowers in mind, RBI revised the loan-to-value for gold loans below Rs 2.5 lakh to 85 per cent and those between Rs 2.5 lakh and Rs 5 lakh to 80 per cent while retaining ...

Loan to value ratio is the percentage of value of gold which lenders are willing to give as loan. For instance, when the value of loan is ₹ 1 lakh and LTV ratio is 70 percent, then the maximum ...

The central bank has increased the Loan-to-Value (LTV) ratio from 75% to 85% for gold loans of up to Rs 2.5 lakh per borrower, including interest. Join Our WhatsApp Channel Business Today Desk ...

The credit appraisal for small ticket loans up to 2.5 lakh Rupees where gold is given as collateral will not be needed, said Sanjay Malhotra, Gove Tuesday, 02 January 2024 12:17 GMT عربي ...

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Toronto, June 16, 2025 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (FRANKFURT: 4Y7 OR WKN: A0M2QX) (“Plato” or the “Company”) an exploration company with a portfolio ...

Thieves Sneak Into Bank, Steal 59 Kg Gold In Karnataka The gold was deposited by people who took loans from the bank, Vijayapura Superintendent of Police Laxman B Nimbargi told reporters here.