T.N. Finance Minister Thangam Thennarasu urges RBI to withdraw new restrictions on gold loans

T.N. Finance Minister Thangam Thennarasu urges RBI to withdraw new restrictions on gold loans

Mr. Thennarasu said reducing the loan-to-value ratio to 75% and burdening borrowers with excessive documentation gravely affects poor and middle-class families who depend on such loans during emergencies

RBI Should Roll Back Restrictions On Gold Loans, Says Former Tamil Nadu CM

AIADMK general secretary Edappadi K Palaniswami on Friday urged the Reserve Bank of India to immediately roll back the new conditions imposed on jewellery mortgage loans as they would severely affect the poor and middle-class families dependent on such loans during emergencies.He said over 80% of the Indian population who hailed from the poor and middle-class sections, and even farmers and traders, mortgaged their jewels with the nearest coopera…

EPS says RBi should withdraw the new conditions

EPS says RBi should withdraw the new conditions prabukumar@nak… Fri, 23/05/2025 - 11:01 Upload Images