Sunday, 13 July 2025

Gold & Silver Now Valid Collateral For Loans: RBI Issues New Circular To Banks

Zee News The RBI has now allowed banks to accept gold and silver as collateral for certain loans—but only if the borrower offers it willingly. This applies to most banks and is meant to give people more flexibility in getting credit, without letting banks misuse their position. It’s a move seen as supportive of borrowers, especially in the agriculture and MSME sectors.   https://ift.tt/0NacUVl July 13, 2025 at 02:41PM The RBI has now allowed banks to accept gold and silver as collateral for certain loans—but only if the borrower offers it willingly. This applies to most banks and is meant to give people more flexibility in getting credit, without letting banks misuse their position. It’s a move seen as supportive of borrowers, especially in the agriculture and MSME sectors.  

from Zee News :Business https://ift.tt/WTUCh6c
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