Rbi On Gold Loans

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  RBI Bars Non-Bank Finance Company From Offering Gold Loans

  The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.

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  Sensex Surges Over 500 Points After RBI Keeps Repo Rate Unchanged

  Gold loan providers surged after the RBI decided to increase the permissible loan to value ratio (LTV) for gold loans to 90 per cent from 75% earlier.

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  Sensex, Nifty Close 1% Higher After RBI Holds Repo Rate At Record Low

  Gold loan providers surged after RBI decided to increase the permissible loan to value ratio (LTV) for gold loans to 90% from 75% earlier.

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  Gold Loan In Cash Restricted To Rs 20,000 For NBFCs

  Shares of leading gold loan companies Manappuram Finance and Muthoot Finance fell today.

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  NBFCs Can Refer to Price on Bourses for Lending Against Gold

  The Reserve Bank of India (RBI) on Thursday allowed non-banking financial companies (NBFCs) to use gold price at commodity exchanges to determine the value of the metal for purpose of advancing loans against it.

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  Jewellers Soar as RBI Allows Gold Loans, Eases Import Norms

  Jewellery makers jumped on Thursday after the Reserve Bank allowed lenders to provide gold on loan to jewellers. The measure will enable jewellers to get 180-day credit from banks for buying gold and will reduce their working capital obligations, analysts say.

• Cooperative Banks Allowed to Double Gold Loan Under Bullet Repayment

  The Reserve Bank of India on Thursday doubled to Rs 2 lakh the amount of loan furnished by cooperative banks under the Gold Loan-Bullet Repayment scheme.

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  RBI Sets Rules for Loan Against Gold Intended for Non-farm Use

  The Reserve Bank of India (RBI) on Tuesday said loans for non-agricultural purposes backed by pledges of gold ornaments and jewellery had to have a loan-to-value ratio of 75 per cent against the pledged items.

• Uniform norm for gold jewellery valuation as loan collateral

  The Reserve Bank of India (RBI) on Monday came out with standardised norms for valuation of gold jewellery as collateral for loan from banks.

• Gold loan NBFCs welcome RBI's move to up loan-to-value

  Non-banking finance companies (NBFCs) lending against gold on Thursday welcomed a recent move by the Reserve Bank of India to raise loan amount against pledged gold, saying this will facilitate financial inclusion, provide a level playing field in their favour and deliver more value to customer assets.

• RBI eases gold lending rules for non-bank finance companies

  People seeking loan against gold jewellery can now borrow more, as the Reserve Bank of India (RBI) on Wednesday allowed non-banking finance companies (NBFCs) to lend up to 75 per cent of the value of the metal from 60 per cent at present.

• Gold loan NBFCs' profitability to decline by nearly 0.75 per cent: Crisil

  Rating agency Crisil has said the latest set of norms by the Reserve Bank of India (RBI) on gold loan non-banking finance companies (NBFCs) would lead to a short-term fall in profits, but also to an orderly, sustainable growth of the sector in the long term.

• Banks approving loans on condition borrowers don't buy gold: report

  The measures follow directions from the Reserve Bank of India to banks and NBFCs that are aimed at reining in demand for the yellow metal. The RBI and the government have taken steps to curb demand for gold after imports of the metal widened the current account deficit.

• Muthoot Finance gets RBI nod to set-up White Label ATMs

  Gold loan company Muthoot Finance said on Tuesday that it has got in-principle approval from the Reserve Bank of India (RBI) to set up White-Label ATMs in the country.

• RBI Chief: No ban on gold coin sales by banks

  On Monday, the RBI said banks would not be allowed to give loans against units of gold exchange-traded funds (ETFs) and gold mutual funds.