Question

    What is the maximum permissible LTV (Loan-to-Value)

    ratio for loans against gold jewellery (non-agricultural purpose)?
    A 60% Correct Answer Incorrect Answer
    B 70% Correct Answer Incorrect Answer
    C 75% Correct Answer Incorrect Answer
    D 80% Correct Answer Incorrect Answer
    E 90% Correct Answer Incorrect Answer

    Solution

    As per RBI norms, the LTV ratio for gold loans for non-agricultural purposes is capped at 75% of the value of gold.

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