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  • Muthoot Finance, volatility in the gold prices, nbfc gold loans rbi for stricter norms, Gold loan assets

    NBFC gold loans: RBI for stricter norms 2012-03-24 05:45:41

    RBI also made it clear henceforth that, NBFCs should not grant any advance against bullion or primary gold and gold coins. Also, RBI observed that NBFCs who are predominantly engaged in lending against the collateral of gold jewellery have recorded...

    Keywords: non-banking finance companies (NBFCs), matter of abundant caution, RBI Stricter norms, Reserve Bank of India (RBI)

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