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Gold loan firms in a tizzy as borrowers prefer to default

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Mumbai: At a Mumbai branch of gold loan provider Manappuram Finance Ltd, customer walkins have halved in the past week. At another, customers are rushing in to release their pledged gold, expecting f

RBI tightens norms for bank lending to gold finance cos

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Concerned over spurt in gold imports, RBI on Tuesday asked banks to reduce exposure to NBFCs giving loan against the precious metal and has set up a working group to suggest ways to deal with the issu

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

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