19 Jun, 2013
The Leela Palace, Bengaluru
Thursday, March 22, 2012 - 05:30 IST
RBI Tightens Gold Loan Norms, Growth To Moderate
BY TEAM VCC
Gold loan companies Muthoot Finance and Manappuram Finance are backed by a string of PE firms.
The country’s banking regulator has tightened the non-banking finance company (NBFC) norms for lending against gold, which will affect the growth rate of gold loan companies like PE-backed Muthoot Finance and Manappuram Finance.
The...
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