RBI Gold Lending Norms Affecting Growth of Indian Gold Loan Market
In India, gold loan market has been growing rapidly over the past few years with high growth of NBFC’s. However, recently the growth of the NBFC’s has been severely affected by the introduction of gold lending norms. The loan-to-value ratio cap, restriction on number of branches and other regulative measures have put negative impact on the growth of NBFC’s. This has also led to fall in shares of gold-based lenders, with Muthoot Finance Ltd falling 6.4% and Manappuram Finance Ltd...
View full press release