Thu, Sep 19, 2024
The Reserve Bank of India (RBI) on Thursday lifted certain restrictions on IIFL Finance's gold loan business. The central bank had imposed the restrictions on the company in March.
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Sat, Feb 18, 2017
The Reserve Bank has doubled the quantum of loan against gold that could be granted by Regional Rural Banks (RRBs) to Rs 2 lakh, provided the repayment period does not exceed 12 months. Earlier, the RRBs were permitted to grant gold loans up to Rs 1 lakh with bullet repayment option.
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