Question
What is the Loan to Value (LTV) ratio prescribed for
Urban Co-operative Banks lending against gold jewellery?Solution
Advances against pledge of Gold / Silver Ornaments Banks should maintain a Loan to Value (LTV) ratio of 75% on the outstanding amount of loan including the interest on an ongoing basis, failing which the loan will be treated as Non-Performing Asset (NPA).
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17, 18, 22, 31, 47, ___
