Loan against sovereign gold bonds allowed as collateral, subject to loan-to-value rules and lender discretion. Sovereign Gold Bonds may serve as collateral security for loans secured by marking lien on the Bonds. The loan-to-value ratio applicable to ordinary gold ... Summary
Loan against sovereign gold bonds allowed as collateral, subject to loan-to-value rules and lender discretion.
Sovereign Gold Bonds may serve as collateral security for loans secured by marking lien on the Bonds. The loan-to-value ratio applicable to ordinary gold loans governs these loans, and acceptance of Bonds as collateral is subject to the decision of the lending institution, not a matter of right.
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