RBI Tightens Gold Loan Rules

Published on: October 01, 2024 - The Reserve Bank of India just issued a circular that’s shaking up how banks and financial institutions handle gold loans. If you’ve ever taken out a gold loan or are considering one, this matters to you. After a detailed review, the RBI found some major issues with how gold loans are being managed across banks, non-banking financial companies, and cooperative banks. So what are these issues and how it affects you? News9 tells you all about it