The Reserve Bank of India (RBI) extended restrictions on loans against security of gold coins per customer to all co-operative banks on Friday in its continuing efforts to temper demand for gold.
In a notification to all state and central co-operative banks, the RBI said loans against the security of gold coin would be up to 50 grams per customer.
In the RBI's monetary policy in May, the central bank had announced the restrictions for banks.
Copyright: Thomson Reuters 2013
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
