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By utilising highly liquid investment-grade physical gold, silver, and platinum bullion as loan collateral, the platform virtually eliminates loan default risk for lenders while offering borrowers ...
Impact of Rising Gold Prices on Gold Loan Companies When gold prices go up, the same amount of gold is worth more. So, gold loan companies can give bigger loans for the same gold, even though the LTV ...
RBI sets new guidelines for gold loans in India, covering collateral, valuation, repayment terms, auction details, and penalties.
As per Crisil Ratings estimates, loans with a ticket size less than Rs 5 lakh comprise close to 70 per cent of the gold loan portfolio for NBFCs.
ISLAMABAD (Reuters) - The International Finance Corporation will provide a $400 million subordinated loan for Pakistan’s Reko Diq copper-gold mine, according to an IFC disclosure on Friday.
This gaudy Nvidia RTX 5090 contains 24-carat gold, but was only sold in the Middle East. Now, scalpers are selling it on eBay for $23,000.
Record-high purchases and a blistering rally in prices has seen gold overtake the euro as the second-largest asset in the reserves of the world’s central banks.
RBI's new gold loan rules: The revised rules apply to all commercial banks, NBFCs, cooperative banks, and housing finance companies.
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, Governor of the Reserve bank of India (RBI).
RBI gold loan draft rules: The RBI has told banks that loans can only be offered against gold jewellery and bank-issued coins, and not against gold bars, ingots, bullion, etc. What other changes has ...
The finance ministry has suggested the RBI to exempt small borrowers seeking loans below Rs 2 lakh from its draft directions on gold collateral lending, aiming for quicker disbursal. They also ...
Draft gold loan norms: FinMin seeks exemption for small-ticket borrowers The ministry has suggested exempting gold loans below ₹2 lakh from RBI's proposed norms. This move may benefit 60-70% borrowers ...
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