Current Affairs · Banking Regulations
Consider the following statements regarding the regulatory guidelines for gold loans in India: 1. The Loan-to-Value (LTV) ratio for standard gold loans is capped at 75%. 2. Lenders must mandatory assess the credit or repayment capacity of the borrower before approving a gold loan. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither 1 nor 2
- 2Both 1 and 2✓
- 32 only
- 41 only
Correct answer
Both 1 and 2
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