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RBI eases gold lending rules for NBFCs
short by Prabhat Joshi / on Thursday, 9 January, 2014
People seeking loan against gold jewellery can now borrow more, as the RBI Wednesday allowed non-banking finance companies (NBFCs) to lend up to 75% of the value of the metal from 60% at present. This has been done in view of the moderation in the growth of NBFCs' gold loan portfolios in the recent past, said the apex bank.
read more at NDTV