Loan against Bonds permitted as collateral; loan to value parity with ordinary gold loans and depository lien marking required. Sovereign Gold Bonds may be used as collateral for loans; the loan-to-value ratio applicable to ordinary gold loans mandated by the Reserve Bank applies to these Bonds, and authorised banks must mark the lien on the Bond in the depository.
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Provisions expressly mentioned in the judgment/order text.
Loan against Bonds permitted as collateral; loan to value parity with ordinary gold loans and depository lien marking required.
Sovereign Gold Bonds may be used as collateral for loans; the loan-to-value ratio applicable to ordinary gold loans mandated by the Reserve Bank applies to these Bonds, and authorised banks must mark the lien on the Bond in the depository.
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