RBI to issue comprehensive norms for loans against collateral of gold jewellery, ornaments

FINANCE

RBI to issue comprehensive norms for loans against collateral of gold jewellery, ornaments

AIMPWA

April 9, 2025

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“Prudential and conduct related regulations for such loans have been issued from time to time and they vary for different categories of REs,” said Reserve Bank Governor Sanjay Malhotra
| Photo Credit:
SHAILESH ANDRADE

RBI has decided to issue comprehensive regulations on prudential norms and conduct related aspects for loans against the collateral of gold jewellery and ornaments.

This is with an aim to harmonising such regulations across REs (regulated entities/lenders) while keeping in view their risk-taking capabilities, and also to address a few concerns that have been observed, said Reserve Bank Governor Sanjay Malhotra.

“Loans against the collateral of gold jewellery and ornaments are extended by regulated entities (REs) for both consumption and income-generation purposes.

“Prudential and conduct related regulations for such loans have been issued from time to time and they vary for different categories of REs,” he said.

Published on April 9, 2025

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