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RBI Should Increase Gold-to-Loan Ratio to 85%: MP
The New Indian Express Madurai
|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.
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
This story is from the May 31, 2025 edition of The New Indian Express Madurai.
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