Banks allowed to lend up to Rs 1 lakh against gold jewellery

"In response to suggestions from banks and with a view to ensuring a level playing field among various market participants, it has been decided to permit bullet repayment of loans extended against pledge of gold ornaments and jewellery for other than agricultural purposes...," RBI said in a...



from News Nation http://www.newsnation.in/article/27867-banks-allowed-lend-rs-1-lakh-gold-jewellery.html

via IFTTT