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 ... Summary
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.