Rbi stricter norms

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  • Loan-to-Value (LTV) ratio, gold loan assets, nbfc gold loans rbi for stricter norms, Rbi stricter norms

    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: volatility in the gold prices, Muthoot Finance, non-banking finance companies (NBFCs), risk management measure

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