RRBs Al­lowed to Lend up to .₹ 2 L in Gold Loans

The Economic Times - - Companies: Pursuit Of Profit -

The Re­serve Bank of In­dia raised the ceil­ing for gold loans given by re­gional ru­ral banks (RRB) to .₹ 2 lakh from .₹ 1 lakh, ex­pand­ing the ac­cess to credit for farm­ers and oth­ers will­ing to pledge gold as col­lat­eral, re­ports

RRBs, with their 21,000-branch net­work span­ning across ru­ral In­dia play a sig­nif­i­cant role in farm credit and of­fer loans.

KOLKATA

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