Gold loan | പുതിയ മാറ്റങ്ങൾ ഇതാണ് | A plus Tube | Malayalam | Advshereef Nedumangad

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Details of this Episode

This episode includes information about the new decisions taken by the Reserve Bank of India regarding gold mortgage. The Reserve Bank has adopted a new disciplinary system regarding loans. The Reserve Bank has instructed that once a gold mortgage is placed, it should be repaid within a specified time limit and the gold should be returned. The Reserve Bank has also no longer allowed renewal of gold loans by paying only interest. The Reserve Bank has instructed that if an auction is held against gold mortgage borrowers, that information should be published in local newspapers and the terms and conditions regarding this should be communicated to the borrower.

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Advocate, High court of Kerala

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