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RBI Should Increase Gold-to-Loan Ratio to 85%: MP

The New Indian Express Madurai

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May 31, 2025

MP S Venkatesan, during a press meeting here on Friday, said that the RBI should increase the gold-to-loan ratio amount to 85% of its market value and return the new circular regarding the repayment of gold loans.

- EXPRESS NEWS SERVICE @ Madurai

He added that he recently met Union Finance Minister Nirmala Sitharaman and requested her to instruct the RBI governor to take back the new circular that was released on gold loan repayment. Following this, Sitharaman instructed the RBI that the draft regulations on gold loans do not impact small borrowers. Hence, the RBI should exempt those w

The New Indian Express Madurai

यह कहानी The New Indian Express Madurai के May 31, 2025 संस्करण से ली गई है।

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