RBI moots classification of loans against gold jewellery based on end use

The norms will also apply to loans secured by silver jewellery, silver ornaments and specified silver coins “wherever lenders are permitted to extend loans against such collaterals,” the central bank said.

source https://www.livemint.com/industry/banking/rbi-classification-gold-loans-basis-auction-gold-etfs-nbfcs-iifl-finance-ltv-ratio-collateral-sanjay-malhotra-muthoot-11744208311925.html