Gold & Silver Now Valid Collateral For Loans: RBI Issues New Circular To Banks
The RBI has now allowed banks to accept gold and silver as collateral for certain loans—but only if the borrower offers it willingly. This applies to most banks and is meant to give people more flexibility in getting credit, without letting banks misuse their position. It’s a move seen as supportive of borrowers, especially in the agriculture and MSME sectors.
Jul 13, 2025, 14:41 PM IST
Petrol pumps defer decision to not accept card payments till January 13
Petrol pump owners on Sunday night deferred till January 13 their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction (MDR) charge.
Jan 08, 2017, 23:58 PM IST