How RBI’s decision of increasing LTV for gold loans will benefit MSMEs, farmers
The Reserve Bank of India Governor Shaktikanta Das, on Thursday, announced an increase in loan to value ratio or LTV for loans sanctioned against pledge of gold ornaments from 75 pct to 90 pct. The announcement came in the wake of COVID-19 impact on people's finances and the benefit will be extended till March 31, 2021.
The announcement came in the wake of COVID-19 impact on people's finances and the benefit will be extended till March 31, 2021. Source - PTI.