💨 Abstract

RBI Governor Sanjay Malhotra stated that the upcoming gold loan guidelines will rationalize, not tighten, the lending process. The guidelines are aimed at harmonizing regulations across different types of regulated entities, focusing on conduct and prudential norms. The draft guidelines will be issued for consultation, with finalization based on feedback. The guidelines are intended to apply to both consumption and income-generation gold loans.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖