Gold Loans Latest Rules: Good news from RBI for those taking gold loans.. Rules have changed from now on…

RBI Update - Lending Against Gold and Silver Collateral - Voluntary Pledge of Gold and Silver as Collateral for Agriculture and MSME Loans. (Applicable- All Scheduled Commercial Banks (including Regional Rural Banks and Small Finance Banks) All State Co-o

The Reserve Bank of India (RBI) has clarified that banks can accept gold and silver as collateral for agriculture and MSME loans, even under the collateral-free limit, if the borrower offers it voluntarily. Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12881&Mode=0 The post RBI Update – Lending Against Gold and Silver Collateral – Voluntary Pledge of Gold and Silver as Collateral for Agriculture and MSME Loans. (Applicable- All …

Gold Loans Latest Rules: Good news from RBI for those taking gold loans.. Rules have changed from now on…

The country’s central bank, the Reserve Bank of India (RBI), has recently amended these gold loan rules. Let’s know what they are. The Reserve Bank has allowed voluntary pledging of gold or silver jewellery for agricultural and small business loans under a collateral-free limit. Borrowers can avail voluntary loans by pledging gold or silver up to the collateral-free limit. Banks can sanction loans to them. This clarification refers to the previo…