Current Affairs · Banking Regulation
With reference to the guidelines issued by the Reserve Bank of India (RBI) regarding regulatory compliance for gold loans, consider the following statements: 1. The RBI mandates a uniform regulatory loan-to-value (LTV) cap of up to 75% for standard gold loans extended by commercial banks and NBFCs. 2. Gold loans can be granted for both agricultural and non-agricultural purposes under the priority sector lending guidelines. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2✓
- 2Neither 1 nor 2
- 32 only
- 41 only
Correct answer
Both 1 and 2
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