India Gold Loan Rules Face Pushback

  Published 10 months 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.

You might like these

Five-Star Finance Slides on Asset Woes

Suprajit Engineering: FY25 Results

India at BRICS: Energy Security & Global Cooperation

NTPC Green Energy Project Milestones

NHAI Unveils 'Asset Monetization Strategy' to Boost Road Infra PPPs

Xiaomi EV Business Nears Profitability

Narayana Hrudayalaya Falls 7% Post Q1

News that matters the most ⚡