New Delhi, March 23 -- The Association of Gold Loan Companies (AGLOC) has urged the Reserve Bank of India (RBI) to defer the implementation of revised norms on lending against gold and silver collateral by up to six months, citing geopolitical uncertainty and potential disruptions to credit access.
Industry Seeks Deferment Of New Lending Norms
In representations made to the RBI, the Ministry of Finance and the Department of Financial Services, the industry body requested that the new guidelines, scheduled to come into effect by April 1, 2026, be postponed or implemented in a phased manner until external conditions stabilise.
The revised framework aims to strengthen regulatory standards and promote responsible lending practices. Howeve...
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