RBI'S NEW GOLD LOAN RULES TO BENEFIT BOTH LENDERS AND BORROWERS

The Reserve Bank of India (RBI) has made changes to the rules on gold loans, giving a boost to the lenders as well as benefits to the borrowers The new framework introduces borrower-friendly reforms while tightening conduct rules for lenders Now borrowers can get loan up to 85% of the gold value (instead of the previous 75%), moreover no credit checks for loans below Rs 2.5 lakhs This will increase the quantum of gold loans due to which companies like

and will get the benefit