Maximum Loan To Value permissible
Rs. 1969 / gm*
for the week ending 24th Aug 2017

*on Gold Jewellery price of   Rs 2625 /-

Industry Updates

  • The Role of Gold in India's Household Economy

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  • Gold Demand Trends - First Quarter 2015

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  • MUDRA Elgibility for Refinancing

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  • Gold Demand Trends Full Year 2014

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  • Key Features of Budget 2014-2015

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  • Role of NBFCs in Financial Sector: Regulatory Challenges

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  • PRE-BUDGET MEMORANDUM - ISSUES RELATING TO ASSET FINANCING NBFCs

    Finance Industry Development Council (FIDC) is a Self Regulatory Organization (SRO) cum Representative Body of all the Asset Financing NBFCs, (NBFC-AFCs) registered with the Reserve Bank of India .

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  • NBFCs adhere to all rules and regulations of RBI – Thomas George Muthoot

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  • Latest Report from World Gold Council

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  • Non-Banking Finance Companies: Game Changers

    The Indian financial sector consists of a wide variety of institutions which...

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  • Gold loan lenders start lowering rates.

    On the Back of Reserve bank of India enhancing the loan to value (LTV) ratio...

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  • Industry expected more from Mor panel

    The recommendations of the Nachiket Mor Committee, released by the RBI on January...

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  • Report of the Nachiket Mor Committee on Comprehensive Financial Services released

    Committee on Comprehensive Financial Services for Small Businesses and Low Income Households.

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  • Redo NBFC classification

    The Nachiket Mor panel on financial services for small businesses and low income households says by January l...

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  • RBI norms prompt gold loan companies to offer new products

    The strict regulatory norms announced by the Reserve Bank of India (RBI) have prompted gold loan companies ...

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  • RBI asks NBFCs to get ready for Settlement of Dues through Lok Adalat to be held on November 23, 2013

    The Reserve Bank of India (RBI) has appealed to all Non-Bank Finance Companies (NBFCs) to participate in the Lok Adalat being organised ...

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  • Third quarter 2013

    Third quarter gold demand of 868.5 tonnes was worth US$37bn.

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  • Second Quarter Review of Monetary Policy 2013-14

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  • Gold: Economists need to change

    Macro economists in India perceive gold as a wasteful asset and as the villain of the Indian economy.

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  • Inclusion — don’t count on banks

    We need thousands of small private sector financial intermediaries for promoting financial inclusion

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  • Tying investors into gold bonds can help slash the CAD

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  • Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India

    On a review, it has been decided to allow non-residents to carry Indian currency upto a maximum of `.10,000/- beyond Immigration/Customs...

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  • Lending Against Security of Single Product – Gold Jewellery

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  • Financial Inclusion in India: Journey So Far And Way Forward

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  • Returns to be submitted by NBFCs- Introduction of ‘Branch info’ return

    Please refer to the DNBS (PD).CC.No.243/03.02.02/2011-12 dated September 22, 2011 on submission of returns by NBFCs.

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  • After rupee plunge, FM may find some relief on rising gold prices

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  • Discussion Paper On Banking Structure in India - The Way Forward

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  • Gold Demand Trends

    Q2 gold demand totalled 856.3 tonnes, worth US$39bn. Lower prices generated another surge in quarterly jewellery demand

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  • Overseas Direct Investments

    Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the.....

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  • Liberalised Remittance Scheme for Resident Individuals

    Liberalised Remittance Scheme for Resident Individuals- Reduction of limit from USD 200,000 to USD 75,000.....

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  • Import of Gold by Nominated Banks /Agencies/Entities

    All Scheduled Commercial Banks which are Authorised Dealers (ADs) in Foreign Exchange/ All Agencies nominated for import of gold.....

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  • Banking Structure in India – Looking Ahead by Looking Back

    For the fifth year on a trot, you have given me the privilege of inaugurating this prestigious and influential FICCI-IBA Annual Banking Conference. In my fifth year as Governor of RBI, I have the Governor’s annual schedule firmly ingrained in my mind.....

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  • Raghuram Rajan is the next RBI Governor

    Chief Economic Advisor Raghuram Rajan will be the next Reserve Bank of India (RBI) Governor after incumbent D Subbarao retires in September.....

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  • Permitting Non Banking Finance Companies to issue ‘shelf prospectus’- Representation to S. Raman, SEBI

    NBFC’s occupy a vital role in the Indian economy. Historically, NBFC’s have been playing a useful role in the credit structure of the country....

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  • Permitting Non Banking Finance Companies to issue ‘shelf prospectus’ - Representation to Ananta Barua, SEBI

    NBFC’s occupy a vital role in the Indian economy. Historically, NBFC’s have been playing a useful role in the credit structure of the country......

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  • First Quarter Review of Monetary Policy 2013-14

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  • Financing of Infrastructure - Definition of 'Infrastructure Lending'

    Government of India, vide its Gazette Notifications dated April 5, 2013 and May 9, 2013, has updated the Harmonised Master List of Infrastructure sub-sectors and added the following ...

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  • NBFC-AFC robust performance in the middle of a slowdown

    After a prolonged period of disheartening economic indices of inflation, exchange rates, GDP and CAD (current account deficit), we could see the beginnings of a silver lining...

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  • Raising Money through Private Placement by NBFCs-Debenture etc and the clarification issued

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  • Import of Gold by Nominated Banks /Agencies/Entities

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  • Gold loan NBFCs plan public offer of nonconvertible dentures

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  • Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligations under Prevention of Money Laundering Act (PMLA), 2002

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  • External Commercial Borrowings (ECB) Policy - Non-Banking Finance Company – Asset Finance Companies (NBFC - AFCs)

    Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular...

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  • Payment of interest on overdue public deposits

    Kindly refer to clause (10) of paragraph 4 of Non-Banking Financial Companies Acceptance of Public Deposits ...

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  • Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) - Unique Customer Identification Code for Banks Customers in India (UCIC)

    Please refer to our circular DNBS...

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  • Master Circular- Introduction of New Category of NBFCs - ‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) - Directions

    As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated...

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  • Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification

    We have received a number of queries in the matter from the industry. The main refrain of the sector is that...

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  • Financing of Infrastructure - Definition of 'Infrastructure Lending'

    Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ‘Definition of Infrastructure Lending’

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  • Raising Money through Private Placement by NBFCs-Debentures etc.

    NBFCs raise money by issuing capital/debt securities including debentures by way of public issue or private placement. In the case of public issue of such securities, institutions and retail investors can participate.

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  • RBI releases Financial Stability Report: June 2013

    The latest issue of the Financial Stability Report (FSR) of the Reserve Bank of India, the seventh in the series, is being released at a time when debate about the appropriateness..

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  • Smart things to know: Loan against gold

    A loan against gold, held as coins or jewellery, can be taken from nonbanking financial companies and gold finance companies.

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  • Import of Gold by Nominated Banks/Agencies

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  • Govt, RBI are again getting it all wrong on Gold

    The Indian consumer — that’s us — is currently public enemy No. 1. We are apparently responsible for leaving the nation’s balance sheet in a shambles with our insatiable lust for gold.

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  • Import of Gold by Nominated Banks/Agencies

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  • Reserve Bank of India - Monetary Policy Statement 2013-14

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  • No impact of price fall on gold financiers: AGLOC

    AGLOC, an umbrella body of gold-loan companies, today said the current fall in price of yellow metal will not have any impact on the loan portfolios.

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  • Industry body recommends cut in gold's LTV ratio

    Association of Gold Loan Companies (AGLOC) on Monday recommended a reduction in Loan-To-Value (LTV) ratio of gold in the background of recent crash in the price of the metal.

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  • FIDC News- Allow NBFC’s to pursue financial inclusion agenda

    It is an indisputable fact that NBFC’s are playing a crucial role in the Financial Inclusion agenda of the nation.

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  • Memorandum of Instructions governing money changing activities

    On a review, it has been decided that Authorised Money Changers (AMCs) may sell Indian rupees to foreign tourists /visitors against International Credit Cards / International Debit Cards and should take prompt steps to obtain reimbursement through normal banking channels.

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  • SPECIMEN APPLICATION FORM FOR REGISTRATION WITH RBI

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  • Gold loan companies lower rates

    All gold loan companies have decided to lower interest rates. The decision was taken at a meeting of gold loan lenders last month.

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  • Gold loans: Where NBFCs score

    Gold NBFCs offer potential borrowers superior advantages in terms of cost and security.

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  • Bank Finance for Purchase of Gold

    State and Central Co-operative Banks grant loans for various purposes against the security of gold / gold ornaments as part of their lending policy.

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  • Reserve Bank of India Guidelines for Licensing of New Banks in the Private Sector

    The Reserve Bank of India today released on its website, the Guidelines for “Licensing of New Banks in the Private Sector”.

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  • RBI releases Guidelines for Licensing of New Banks in the Private Sector

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  • RBI releases the Rao Committee report- 06/02/2013

    Working Group to Study the Issues Related to Gold and Gold Loans NBFCs in India.

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  • Regulation of Shadow Banking - Issues and Challenges by Anand Sinha

    The recommendations of the Working Group have generated a lot of debate in the industry, and as I observed from the presentations of other speakers, the issues continue to elicit considerable interest, if not apprehension. My aim during this talk would be to put the issues in perspective.

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  • Financial Inclusion of Urban Poor in India

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  • Maintenance of Cash Reserve Ratio (CRR)

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  • Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002

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