Fri May 30 07:47:45 UTC 2025: **Summary:**

Tamil Nadu Finance Minister Thangam Thennarasu publicly thanked the Union Finance Ministry for intervening with the Reserve Bank of India (RBI) regarding draft gold loan regulations. The minister stated that the proposed regulations were detrimental to small borrowers and anti-poor. He credited the Tamil Nadu Chief Minister M.K. Stalin’s advocacy with prompting the Union Finance Ministry to instruct the RBI to reconsider the regulations.

**News Article:**

**RBI to Reconsider Gold Loan Rules After TN Advocacy**

**CHENNAI, May 30, 2025** – The Reserve Bank of India (RBI) is set to review its draft regulations concerning gold loans following intervention from the Union Finance Ministry, prompted by concerns raised by Tamil Nadu. Tamil Nadu Finance Minister Thangam Thennarasu expressed his gratitude today, stating the initial draft posed a threat to small borrowers and the economically disadvantaged.

The move follows a letter from Tamil Nadu Chief Minister M.K. Stalin to Union Finance Minister Nirmala Sitharaman, urging a reconsideration of the “Reserve Bank of India (Lending Against Gold Collateral) Directions, 2025.” Thennarasu hailed the Union Ministry’s instruction to the RBI as a “major victory” for the people of Tamil Nadu, attributing the successful outcome to Stalin’s persistent efforts. The specifics of the proposed changes and the reasons behind the Tamil Nadu government’s concerns were not immediately available, but officials confirmed they centered around the potential negative impact on access to credit for the state’s vulnerable populations. The RBI has not yet released a statement.

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