Gold loans

India makes hallmarking gold jewellery 04 January 2012

India has made hallmarking gold jewellery for quality control mandatory, a senior government minister said. India is the world's biggest consumer of gold but quality is sometimes a problem, especially with small jewellers and customers face problems during redemption. Gold...

Keywords: Jewellery showrooms hyderabad., India gold jewellery, gold jewellery, jewellery marcket

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AK Khan tightens gold-pledging process 18 June 2011

In what is seen as an attempt to curb gold robberies which are increasing day by day in the city, Hyderabad police commissioner AK Khan today imposed new restrictions on money-lending organizations giving loans against pledging of gold ornaments. Addressing...

Keywords: gold-pledging, pawn brokers, stolen gold ornaments, stolen gold ornaments

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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), gold loan assets, Loan-to-Value (LTV) ratio, matter of abundant caution

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