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NBFCs favour ceiling on gold loans for businesses
Financial Express Pune
|February 18, 2026
NON-BANKING FINANCIAL COMPANIES (NBFCs) have approached the Reserve Bank of India (RBI) to consider capping the loan-to-value (LTV) ratio of gold loans being offered to businesses.
From April 1, under the new gold loan guidelines, there will be no regulatory cap on these loans. This implies that NBFCs could advance up to 100% or even more against the pledged gold for loans taken for business purposes.
Big lenders fear that this will lead to over-aggression by some players wanting to capture market share and lead to systemic problems.
According to sources, the Finance Industry Development Council (FIDC), the self-regulatory organisation (SRO) of NBFCs, recently made a representation to the central bank to consider retaining the cap at 75% for gold loans being extended for business purposes or income-generating lending.
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