......Even as the government trying to quell the ‘yellow' fever, the Reserve Bank of India has applied brakes on non-banking finance companies, which survive by merely lending against gold. Such NBFCs have been asked to maintain a loan-to-value (LTV) ratio not exceeding 60 per cent for loans granted against the collateral of gold jewellery. Given the price volatility in gold, this move is welcome.......
Read - The Hindu
Read - The Hindu
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