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Mumbai, June 6 (SocialNews.XYZ) Reserve Bank Governor Sanjay Malhotra on Friday said the central bank will raise the Loan-to-Value (LTV) ratio for gold loans to small borrowers of up to Rs 2.5 lakh to 85 per cent from the existing 75 per cent. Speaking at a press conference after the monetary policy meeting, he said the final regulations on gold loans will be announced today or latest by Monday. The increase in the loan-to-value ratio for small loans means that if the gold pledged is worth Rs ...Read More >
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