RBI RELEASES DIRECTIONS ON LENDING AGAINST GOLD AND SILVER COLLATERAL:
Maximum loan-to-value ratio (LTV) of 85% for gold loans up to 2.5 lakh
Maximum LTV of 80% for gold loans between 2.5 lakh and 5 lakh
Maximum LTV of 75% for gold loans above 5 lakh
Detailed credit assessment required for gold loans above 2.5 lakh
Also revises qualifying assets criteria for NBFC-microfinance companies:
Qualifying assets to be minimum 60% of total assets (previously 75%).
