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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 >
Ayodhya: A total of 45 kilograms of pure gold has been used in the construction of the Ram Temple in Ayodhya, according to Nripendra Mishra, the chairman of the Ram Temple Construction Committee. He said the estimated value of the gold, excluding taxes, is around Rs 50 crore. Gold has been used extensively in the doors on the ground floor of the temple and the throne of Lord Ram.He added that gold work is still ongoing in the Sheshavatar Temple. While the main structure of the Ram Temple has bee ...Read More >
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