2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has can offer gold loans up to Rs 2 lakh by RBI
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Privat Bank
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NABARD
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Cooperative Bank
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Regional Rural Banks
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Explanation:
Detailed explanation-1: -A circular issued by the RBI relaxed the lending norms for gold loans by increasing the LTV from 75% to 90%. The RBI guidelines for gold loans allow lenders, whether banks or NBFCs, to lend up to 90% of the gold jewellery value.
Detailed explanation-2: -Loan financing limit 2 crore. Minimum limits to the gold loan amount usually depend on borrower requirements, with financing available up to as low as Rs. 5, 000.
There is 1 question to complete.