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16 hours ago

Duration: 0h 2m 50s

RBI allows banks to give loans to manufacturers using gold as raw material

Name: RBI allows banks to give loans to manufacturers using gold as raw material
Uploaded: Tue, 30 Sep 2025 10:59:42 +0530
Channel: Rediff Video Desk
Description: The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers.Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending against the security of primary gold/silver.

The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending against the security of primary gold/silver.

Uploaded by: Rediff Video Desk on Tue, 30 Sep 2025 10:59:42 +0530

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