India Gold Loan Rules Face Pushback

  Published 1 year ago

Indian gold loan financiers saw stock increases (2, 8%) as the finance ministry seeks to relax proposed tighter regulations from the central bank. The ministry wants to exempt smaller loans (<$2344) to avoid pushing borrowers to unregulated lenders.

  • Stocks of Muthoot, Manappuram, and IIFL rose.
  • New rules aim to tighten loan monitoring.
  • Ministry seeks exemptions for small loans.

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