Gold loan firms in a tizzy as borrowers prefer to default
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
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