Gold loan assets

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: RBI Stricter norms, matter of abundant caution, Muthoot Finance, matter of abundant caution

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