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  • matter of abundant caution, Reserve Bank of India (RBI), nbfc gold loans rbi for stricter norms, Muthoot finance

    NBFC gold loans: RBI for stricter norms 24 March 2012

    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: non-banking finance companies (NBFCs), non-banking finance companies (NBFCs), volatility in the gold prices, Loan-to-Value (LTV) ratio

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