Gold loans: Banks and gold loan companies are looking to implement monthly amortisation plans following concerns raised by the Reserve Bank of India (RBI) regarding deficiencies in gold loan disbursements. According to a report by the Economic Times, borrowers may soon be required to begin making interest and principal payments through EMIs immediately upon loan … Read more
MUMBAI: In a bid to increase flow of credit to the real estate sector, the Reserve Bank on Friday rationalised the risk weightage to LTV (loan to value) ratio for all new housing loans sanctioned up to March 31, 2022. As per a notification issued by the RBI, new housing loans will attract a risk … Read more
Mumbai: Despite relaxation in loan-to-value (LTV) ratio on gold loans, banks are likely to be cautious in lending and will keep a buffer for any correction in the price of collaterals, says a report. Last week, the Reserve Bank of India (RBI) had increased the permissible LTV ratio for loans against pledge of gold ornaments … Read more