Centre recommends delaying RBI's new gold-loan rules, seeks relief for small borrowers
The Union finance ministry has suggested excluding small borrowers from the Reserve Bank of India's new gold-loan rules. This proposal aims to protect those with loans under Rs 2 lakh. The ministry also recommended delaying the rules until January 1, 2026. This decision follows opposition from Tamil Nadu, where concerns were raised about the impact on rural borrowers.
The Union finance ministry has suggested excluding small borrowers from the Reserve Bank of India's new gold-loan rules. This proposal aims to protect those with loans under Rs 2 lakh. The ministry also recommended delaying the rules until January 1, 2026. This decision follows opposition from Tamil Nadu, where concerns were raised about the impact on rural borrowers.
