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RBI mulls increasing LTV ratio to 85%: reports

May 28, 2020 12:39 IST

In a bid to provide a boost to gold financiers, the Reserve Bank of India is considering increasing the Loan to Value (LTV) ratio from 75% to 85% and the apex bank may announce the decision in a few days. As per a Zee Business report, in case the LTV in the gold loan is increased, borrowers will be able to get up to 85% of the liquid value of their mortgaged yellow metal.