The Reserve Bank of India (RBI) appears to be moving toward stopping gold loan companies from handing out cash as loans against pledged gold. RBI had earlier put a cap on the extent of loans that can be given against the value of pledged gold. These firms have been giving loans, sometimes worth several lakh, in cash instead of handing cheques or crediting the money to the borrower’s bank account. RBI wants to curb this practice, say analysts tracking public sector banks............
Read.............
Read.............
No comments:
Post a Comment