The Reserve Bank of India plans to implement stricter underwriting processes for gold loans, urging banks to enhance background checks on borrowers and confirm gold ownership.

RBI wants banks and non-banks to also bolster background checks on borrowers and ascertain the ownership of the gold that is being mortgaged

One of the sources who is aware of the central bank's consideration, said, “The RBI wants to ensure that the entities are following a standard protocol and any growth in the gold loan sector is not out of bounds.

India’s monetary authority will pump in another $21.5 billion worth of cash via bond purchases and a forex swap as the banking system braces for financial year-end tightness in liquidity before March 31.

India's central bank said on Wednesday it will infuse $21 billion in rupee liquidity into the banking system in a bid to ease lending conditions and boost economic growth.

The Reserve Bank of India (RBI) will inject Rs 1.9 lakh crore into the banking system through bond purchases and forex swaps to ease liquidity constraints ahead of tax outflows. These measures aim to stabilise markets,