RBI Meeting and Policy Updates
Visit Tradevisry for Affordable and accurate Trading Tips Mutual Funds: Today in the meeting RBI Governor Shaktikanta Das said that by considering all the aspects involving mutual funds we have concluded that mutual funds are now safe and now people can invest in them for better returns. It was important to conclude that because after the Franklin Mutual Funds crisis everyone had dis-invested from mutual funds because of the negative returns they were offering. And RBI had to provide a package of 50,000 Crores to save those mutual funds. RBI Gold Loan Policy: RBI governor today announced a very relaxing policy considering gold loan. He said that previously the RBI gold loan policy was limited to offer only a 75% amount of loan on your total gold value, but now the RBI gold loan policy is re-tested and they have changed the Loan-to-value Ratio to 90% in gold loans. This policy is applied to every Bank and NBFC who provide gold loans. The reason to launch this RBI ...