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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 >
New Delhi, June 6: Saudi Crown Prince Mohammed bin Salman arrived in Mina on Thursday along with his team to oversee arrangements for the ongoing Hajj pilgrimage, as hundreds of thousands of pilgrims gathered at Mount Arafat to observe Arafat Day. According to the Saudi Press Agency (SPA), the Crown Prince visited Mina on behalf of King Salman "to oversee the comfort of pilgrims and the services and facilities provided to them so that they perform their rituals with ease and safety." Millions o ...Read More >
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