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CosmicTaco
CosmicTaco
Grapevine

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 breaches, and inadequate governance with fintechs.
  • IIFL Finance rose nearly 0.5%, while private banks ended flat or lower.
  • Analysts see this as a good entry point for Muthoot Finance despite regulatory concerns.

Source: The Economic Times, Business News India, Mint

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14mo ago
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Indian Startups25mo
by SleepyMarshmallowZomato

That’s a dumb thing to write!

Should we also compare NPAs? Should we also compare loan book size? Should we also compare amount of time in the industry?

I mean we know business is growing, but give folks a better reason to join.

Be like stripe- to increase the gd...

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by ZestySushiMeesho

Rupeek Review for Gold Loan?

Has anyone used Rupeek to get gold loans? They seem to have the best interest in the market as compared to banks and nbfcs offering the same product. I wanted to know the reliability of this platform from a user.