Gold
By NewsByts Team
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Business, Personal Finance, , ,

Auto, gold, personal and home loans on offer by SBI at attractive rates

In a good news for lakhs of people, the State Bank of India (SBI) has announced several attractive offers for its retail customers. The offers announced by SBI, which is India's largest commercial bank, includes 100 per cent waiver on the processing fee for home loan, auto, gold and personal loans.  The SBI has announced that in the auto loan segment, the bank will give 100 per cent finance to the car loan applicants. The SBI festival 2020 offer gives flexibility in gold loan repayment too. The important…
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By NewsByts Team
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Business, Economy, India, Personal Finance, , ,

RBI hikes LTV limit on gold loans to mitigate impact of COVID-19

Announcing the bi-monthly Monetary Policy on August 6, the Reserve Bank of India noted that the disruptions caused by COVID-19 have led to increased financial stress for borrowers across the board, creating a huge challenge of their debt burden. Accordingly, the Central Bank has to decided to provide a window under the June 7th Prudential Framework to enable lenders to implement a resolution plan in respect of eligible corporate exposures - without change in ownership - as well as personal loans, while classifying such exposures as standard…
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