https://www.taxtmi.com/news?id=40377 RBI's draft mandates standardised documentation and uniform assay procedures across all lender branches, requiring borrower presence during assay and written certificates recording deductions for stone weight and fastenings, with procedure details displayed on lender websites. Loan agreements must describe and value gold collateral, set out auction procedures and triggering circumstances, and specify the notice period before auction. All material communications, including breach of prescribed LTV limits, must be in the regional language or a borrower-chosen language, and important terms must be explained to illiterate borrowers in the presence of a witness. en-us Wed, 09 Apr 2025 19:31:03 +0530 Wed, 09 Apr 2025 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40377 RBI's draft mandates standardised documentation and uniform assay procedures across all lender branches, requiring borrower presence during assay and written certificates recording deductions for stone weight and fastenings, with procedure details displayed on lender websites. Loan agreements must describe and value gold collateral, set out auction procedures and triggering circumstances, and specify the notice period before auction. All material communications, including breach of prescribed LTV limits, must be in the regional language or a borrower-chosen language, and important terms must be explained to illiterate borrowers in the presence of a witness. News - Wed, 09 Apr 2025 19:31:03 +0530 https://www.taxtmi.com/news?id=40377