Banking Exam Question - What are the NRB Directives (2074) about Additional Provision Regarding Gold & Silver Loan? Explain

Introduction - Loan Against Gold & Silver

Licensed organizations can fulfill their provisions and conditions and provide loans to golden wealth.

1. The provision of the loan to be given for golden gold in the policy policy and regulations should be mentioned,
2. Before institutionalizing loan of golden silver, arrangements should be made to ensure necessary security, safety assessment system, payroll insurance and investigation,
3. Banks and financial institutions will have to flow only by paying the gold or silver given by such debt as a golden flow to a person, and ensuring that the loan is safe. In this way the gold or silver given by the debtor to the debtor should be kept in one bag. According to the statement, there will be a maximum loss of up to a percentage of debt on a loan if golden rupees flow without checking only one bag containing multiple bags or multiple bags given by any lender or any other baggage.