Reserve Bank Governor Sanjay Malhotra on Wednesday said the proposed guidelines on gold loan are not going to tighten such lending but rationalise it. "The (draft) guidelines will be issued soon. To our mind, there is no tightening. It is a rationalisation only. It's broadly on the conduct side, primarily, whatever were the guidelines for NBFCs, those have been extended now to the banking sector also," he said during a media interaction here.
The RBI will publish draft guidelines for the consultation and then based on feedback it will be finalised.
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