The RBI in May had imposed restrictions on banks and NBFCs for providing loans against gold coins as well as units of gold ETFs and mutual funds.
http://www.moneycontrol.com/news/economy/banks-allowed-to-lendto-rs-1-lakh-against-gold-jewellery_1016207.
http://www.moneycontrol.com/news/economy/banks-allowed-to-lendto-rs-1-lakh-against-gold-jewellery_1016207.
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