Question

    What is the Loan-to-Value (LTV) ratio for loans against

    gold, given by Scheduled Commercial Banks (SCBs)?
    A 75% Correct Answer Incorrect Answer
    B 80% Correct Answer Incorrect Answer
    C 85% Correct Answer Incorrect Answer
    D 90% Correct Answer Incorrect Answer
    E 95% Correct Answer Incorrect Answer

    Solution

    The loans given against gold can have maximum LTV of 75%. The RBI guidelines for such gold loans is as follows:  

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