RBI asks lenders to address ‘irregularities’ in gold loans in 3 months
Source: Business Standard Gold(Photo: Shutterstock) 3 min read Last Updated : Oct 03 2024 | 4:59 PM IST A Reserve Bank of India (RBI) circular has pointed out irregularities in granting loans against gold ornaments and jewellery. Following a review, the regulator identified shortcomings in loan sourcing and appraisal, valuation, due diligence, end-use monitoring, auction…