Loan-to-Value Ratios in Gold Loans
On 16th May, 2024, the Reserve Bank of India (RBI) issued a stern directive to non-banking financial companies (NBFCs) involved in gold loans, urging them to adhere strictly to regulations concerning loan-to-value ratios, auction procedures, and cash disbursements.
- The RBI has urged NBFCs to conduct transparent auctions in cases of non-payment, ensuring that individuals whose gold is being auctioned are informed and can participate physically at the taluka level.
Understanding Loan-to-Value Ratios (LTV)
- It is the ratio of the loan amount sanctioned to the value of the gold deposited as collateral.
- The value of the gold used as collateral is based solely ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 First Report of Standing Committee on Petroleum and Natural Gas
- 2 India-ADB Agreement under SMILE Program
- 3 Annual Survey of Unincorporated Sector Enterprises, 2023-24
- 4 MuleHunter.AI: Combating the Issue of Mule Accounts
- 5 Committee of Creditors
- 6 SEBI Widens Scope of Optional T+0 Rolling Settlement Cycle
- 7 55th Meeting of the GST Council
- 8 State Finances: A Study of Budgets of 2024-25
- 9 RBI Committee on FREE-AI
- 10 Parliamentary Committee Report on Agriculture Distress
- 1 India Volatility Index (VIX)
- 2 SEBI Amends BRSR Framework
- 3 Delisting of Shares
- 4 Swing Trading
- 5 Government Bond Buyback
- 6 FPIs allowed to Issue P-Notes
- 7 Reduction in Government Treasury Bill Sales
- 8 SEBI’s New Framework for Regulating Stock Market
- 9 Inverted Duty Structure
- 10 RBI’s Framework to Strengthen Project Financing
- 11 Insurance Surety Bonds in National Highway Contracts
- 12 National Workshop on "Forging Sustainability in the Steel Sector"
- 13 PM Gati Shakti to Aid in Social Security Push
- 14 Aggregate Measurement of Support
