Muthoot Fincorp

Muthoot Fincorp

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RBI's Crackdown on Gold Loan Practices Hits Lenders

  • RBI has called for corrective measures in gold loan practices within three months.
  • Muthoot Finance fell 3.9% and Manappuram Finance declined 1.9% due to concerns over ROAs.
  • Issues include improper valuation, LTV bre...
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