............The new rules include strict documentation for high value loans against gold and prohibition of misleading advertisements by NBFCs such as offering availability of gold loans in a matter of 2-3 minutes.The guidelines are broadly based on the January recommendations of an expert panel set up by RBI, headed by K.U.B.Rao. The RBI, however, did not accept the recommendation of the panel for higher loan-to-value (LTV) ratio on gold loans. ...........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment