RBI’s new guidelines for gold loans will not affect people taking gold loan of low amount. Ministry Finance has posted a post on social media platforms about this. In this post done on May 30, it has been said that the government has studied RBI’s draft guidelines for gold loan. The government has told the RBI that people who take gold loan of up to Rs 2 lakh from new guidelines should not have problems with this. This post of Finance Ministry saw a boom in shares of gold loan companies like Muthoot Finance and Manappuram Finance.
New Gold Loan rules may apply from January 1
Gold loan (Gold Loan) For Rbi The new guidelines of the of 2026 may be applicable from January 1, 2026. The post of the Ministry of Finance states, “@DFS_India has told @Rbi that people taking gold should not have any problem … such guidelines need to be implemented at the ground level. So it is okay to implement it from January 1, 2026.” The Department of Financial Services (DFS) under the Finance Ministry has also suggested the customers taking gold loans of small amounts to keep the bottom of new guidelines. With this, they will get a loan soon.
RBI will consider feedback on draft guidelines
The Finance Ministry has said that the RBI is studying feedback found on draft guidelines. He hopes that the final instruction will be prepared only after considering the advice of all the parties associated with this issue. RBI released draft guidelines for gold loan on 9 April. Its purpose is to remove the shortcomings of the current rules related to gold loans. Draft guidelines include measures such as increasing underwriting, improvement in collateral management and using funds from gold loans.
New guidelines may affect the growth of gold loan
A source associated with the Gold Loan Industry said on the condition of anonymity, “RBI’s draft noms have emphasized on completing all underwriting before the gold loan companies are seducted. There is a negligence in terms of underwriting. But, Gold Loan Companies believe that this will increase their time to complete the process.” Recently, Crisil has said in its report that the new RBI rules of gold loan will affect the business of gold loan companies. The growth of their business can be sluggish.
Gold loan companies boom
On May 30, the shares of Muthoot Finance showed a tremendous rise. In the afternoon, this stock was up 7.4 per cent to Rs 2,219. The lion of the Manappuram Finance was 3.88 per cent to Rs 240.88.