In the draft circular, the RBI stated that norms for lending against gold collateral must be incorporated into the credit/risk management policy of lenders. The policy should include appropriate ...

However, due to clauses ix, x and xi mentioned in the annexure of a circular issued by the RBI on September 30, 2024, which observed certain irregularities in grant of gold loans by banks ...

RBI’s Dec 2022 circular restricted banks from allowing speculative or unregulated hedging for clients by ensuring that hedging is only permitted for actual or anticipated commodity price and ...

MUMBAI (Reuters) - The Indian rupee's recent rally and a sizeable decline in hedging costs are expected to catalyze the participation of companies in the Reserve Bank of India's $10 billion FX swap ...