Gold Loans Up To Rs 2.5 Lakh Won’t Need Credit Appraisal, Says RBI Governor
New Delhi: Small gold-backed loans are about to get simpler. RBI Governor Sanjay Malhotra has announced that no credit appraisal will be required for gold loans up to Rs 2.5 lakh. This move is aimed at making the process easier and faster for borrowers who pledge gold as collateral. He also added that the draft…