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MUMBAI: RBI on Friday issued revised norms for loans backed by gold and silver, aimed at widening credit access for small borrowers and standardising regulations across banks and NBFCs. The new rules will come into force from April 1, 2026.Under the revised framework, loan-to-value (LTV) ratio for smaller consumption loans has been increased. Borrowers can now avail loans up to Rs 2.5 lakh with an LTV of 85%, up from 75%. For loans above Rs 2.5 lakh and up to Rs 5 lakh, the LTV is capped at 80%, ...Read More >
GAIL (India)'s Dabhol LNG Terminal in the western state of Maharashtra received its first liquefied natural gas (LNG) cargo during the traditionally disruptive monsoon rains on June 2, the gas transporter said on Friday. This marks the start of year-round operations at the terminal, the company said in a press release. The commissioning of a breakwater facility -- structures that protect a port against high tides -- at the terminal last month allows ships to dock safely and allow it to functio ...Read More >
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