
RBI hikes loan-to-value ratio on gold loans below Rs 2.5 lakh to 85%
The Reserve Bank of India (RBI) on Friday increased the loan-to-value (LTV) ratio on gold loans up to Rs 2.5 lakh to 85 per cent per borrower, up from the 75 per cent proposed in the draft norms issued in April this year.For gold loans more than Rs 2.5 …