Paul Merchants Finance Launches Loan Against Silver, Becomes India's First NBFC to Set Up Exclusive Silver Loan Branches
Aug 18, 2026
Chandigarh [India], August 18: Paul Merchants Finance Private Limited (PMFPL), a diversified NBFC and part of the Paul Merchants Group, has launched its Loan Against Silver product. The launch follows the Reserve Bank of India's introduction of the Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025, which formally enabled eligible regulated lenders to accept silver as collateral for loans. The move by the RBI has opened the way for silver to become part of the formal secured lending ecosystem in India.
Read More...
