Axis Bank Launches Gold-Backed Loans for MSMEs: High LTV, Same-Day Disbursement

• Axis Bank introduces gold-backed secured overdraft facility for MSMEs.
• Loan amounts from ₹50,000 to ₹1 crore, available across 3,300+ branches.
• Offers same-day over-the-counter disbursement directly to borrower's account.
• High Loan-to-Value (LTV) ratio up to 82%, exceeding industry standards.
• Aims to provide quick working capital to MSMEs, supporting India's credit landscape.