US EditionRBI New Rule: Reserve Bank Has Made Several Changes to Gold Loan Regulations, Including Other Regulations - Business League
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RBI New Rule: Reserve Bank has made several changes to gold loan regulations, including other regulations - Business League
New Delhi. The Reserve Bank of India has made a major change in rules for customers. This will benefit all customers in the country, as it will not only simplify EMIs but also make loans cheaper and easier for people. Gold loan borrowers will especially benefit from this. The RBI has also relaxed rules for larger loans. Some of these changes will come into effect on October 1st, but four rules are currently only in the proposal stage, and feedba…
The Reserve Bank of India (RBI) has changed some key loan rules to give relief to the common man. As part of this, it will now be easier to reduce loan EMI and it will be more convenient to get a gold loan. Let's look at these changes in detail. The RBI has announced a number of new changes to make it easier to obtain loans and give some relaxation to the rules regarding large loans. Three of these changes will come into force from 1 October, w…
RBI Update -Reserve Bank of India (Interest Rate on Advances) (Amendment Directions), 2025 - Mehta & Mehta
The Reserve Bank of India (Interest Rate on Advances) (Amendment Directions), 2025 amends the 2016 Directions, the Circular dated August 18, 2023, and the FAQs issued on January 10, 2025. The key changes allow banks to reduce spread components for loan categories earlier than three years to retain customers, provided this is done on justifiable, non-discriminatory grounds in line with policy. Regulated entities (REs) may also provide borrowers t…
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