Gold Loan - Bullet Repayment - UCBs - আরবিআই - Reserve Bank of India
Gold Loan - Bullet Repayment - UCBs
RBI/2014-15/283 October 30, 2014 The Chief Executive Officers of Dear Sir / Madam, Gold Loan – Bullet Repayment - UCBs Please refer to circular UBD.PCB.Cir.No.22/13.05.000/07-08 dated November 26, 2007, wherein Urban Cooperative Banks (UCBs) were permitted to grant gold loans up to ` 1.00 lakh with bullet repayment option. 2. Based on the representations received from UCBs and National/State Federations, it has been decided to increase the quantum of loan that could be granted under the scheme, from ` 1.00 lakh to ` 2.00 lakh subject to the following conditions:
Yours faithfully, (A.K.Bera) |