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Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses - RBI - RBI/2020-2021/19 DoR.No.BP.BC/6/21.04.048/2020-21

Extract

..... .No.BP.BC.27/21.04.048/2014-15 July 22, 2014 and DBR.RRB.BC.No.53/31.01.001/2016-17 dated February 16, 2017. Under the extant guidelines, loans sanctioned by banks against pledge of gold ornaments and jewellery should not exceed 75 per cent of the va .....

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Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses - RBI

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..... n account of COVID 19. Accordingly, fresh gold loans sanctioned on and after April 1, 2021 shall attract LTV ratio of 75 per cent. 3. Other terms and conditions of the above-mentioned circulars shall remain applicable. Yours faithfully (Saurav Sinha) .....

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Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses - RBI

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