.......With the Reserve Bank of India (RBI) capping the advances at 60% of the value of jewellery (loan to value) i.e. Rs 60 for every gram of gold pledged, companies are rolling out various offers to get more customers into their fold. The RBI's cap of 60% LTV was done to ensure banks were not put at disadvantage as lending by banks against gold is capped at 60%, while NBFCs enjoyed 85% or Rs 85 for every gram limit..............
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