RBI eases gold loan norms for small borrowers, hikes LTV cap to 85%
The Reserve Bank of India (RBI) on Friday announced significant relief for small-ticket gold loan borrowers, raising the Loan-to-Value (LTV) ratio from 75 per cent to 85 per cent for loans up to Rs.2.5 lakh, including interest. The revised norms mean a borrower pledging gold worth Rs. 1 lakh can now avail a loan of…