State Bank of India Chairman Pratip Chaudhuri had on Tuesday said his bank would raise the margin requirement.
"Generally, we keep a 30 per cent limit (of value). Yes, we will have to review that. That (LTV) will be adjusted. We would be revising our advisory for gold loans with the valuations (dropping)," he had said, adding gold prices had dropped but were still above 70 per cent of the peak value.
SBI, which has Rs 35000-crore of gold loans on its books, however, said there was no immediate impact.