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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 >
Srinagar, Jun 6: The holy festival of Eid-ul-Adha will be observed across Jammu and Kashmir on Saturday with religious enthusiasm and devotion. The day marks a significant occasion in the Islamic calendar, celebrated annually on the 10th day of Zul Hijjah, the concluding month of the Islamic lunar year. As a tradition, the largest Eid gathering in Kashmir is set to take place at the Hazratbal shrine on the banks of Dal Lake. Thousands of devotees are expected to assemble for the special Eid pr ...Read More >
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