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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: Reserve Bank of India (RBI), risk management measure, non-banking finance companies (NBFCs), Reserve Bank of India (RBI)
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