Question
Consider the following statements regarding the RBI’s July 2025 guidelines on Lending Against Gold and Silver Collateral for Agriculture and MSME Loans: Statement I: The Reserve Bank clarified that loans sanctioned against voluntary pledge of gold and silver as collateral will be considered a violation of collateral-free lending norms. Statement II: The clarification applies to loans sanctioned up to the collateral-free limit under agricultural and MSME lending guidelines. Statement III: These directions apply to all Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, State Co-operative Banks, and District Central Co-operative Banks. Which of the above statements is/are correct?
More Financial Management Questions
- What does IRAC stand for in the context of NPA and recovery in banking?
- What does 'Front Office' primarily handle in a Bank’s Treasury?
- On what basis is an individual resident Indians permitted to include NRI close relatives as a joint holder in resident bank account?
- Which of the following statements correctly describes the requirements for filing an information memorandum under the shelf prospectus regulations?
- What is the full form of IFSC in the context of GIFT City?
- Which of the following financial ratios is most critical for assessing the creditworthiness of an MSME for working capital financing?
- What does the term 'Project Loan' refer to, as per RBI guidelines?
- What does the Cash Budget Method primarily help in determining?
- Which of the following is not a characteristic of bullion? 1) It is traded on commodity exchanges. 2) It is typically bought and sold based on its weight a...
- Consider the following statements about the budget estimates of fiscal year 2023-24. 1. The share of subsidies is more than the share of defense in Union ...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
