Question
What is the new LTV ratio for gold loans up to ₹2.5
lakh after RBI’s revision?Solution
Explanation:
The Loan-to-Value (LTV) ratio for loans against gold up to ₹2.5 lakh has been increased by the RBI from 75% to 85% . This means that borrowers can now avail loans up to 85% of the value of the gold pledged. This change aims to improve liquidity availability for small borrowers while maintaining regulatory checks on credit risk.
The Centre’s newly notified deep-sea fishing rules aim to benefit which groups primarily?
Currently which country is not the member of Association of Southeast Asian Nations (ASEAN)?
Which organization signed an MoU with Monash University, Australia, to enhance railway engineering research and education?
- Shenzhou-20 crewed mission is a part of which country's space program?
Lasoong Festival is celebrated in which Indian state?
India’s rice exports reached approximately how many million metric tonnes in the latest fiscal year?
Under the PM VIKAS scheme MoU with IIT Patna, how many minority youth will be trained?
India and Oman are set to sign a Free Trade Agreement that originated from talks on which earlier agreement?
The BHASHINI–PFRDA MoU aims to provide pension services in how many scheduled languages?
In which region is the pilot phase of the AI-powered climate advisory service for farmers being implemented?
