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Madras High Court closes plea to regulate gold loans and auction of pledged jewellery

The Hindu Nov 07, 2026 at 02:23 PM IST India
Madras High Court closes plea to regulate gold...

AI summary

The Madras High Court dismissed a petition seeking regulation of gold loan auctions, citing existing RBI guidelines. The court accepted that the central bank already issues binding fair practices codes for non-banking financial institutions.

Key takeaways

  • The Madras High Court closed the public interest litigation regarding gold loan regulations.
  • The RBI confirmed it has issued binding guidelines for non-banking financial institutions.
  • The central bank regularly updates its fair practices code for gold loan operations.
  • The court relied on the RBI's existing supervisory powers to dismiss the case.
Read the original at The Hindu

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