NEWS & ADVICE : PERSONAL LOAN
Lending norms for gold loan firms get stringent
By Vaibhav Aggarwal
Mar 23, 2012
Print    Email    RSS   

Banking and monetary regulator, Reserve Bank of India has announced more stringent lending norms for companies in the gold loan business.

The gold loan business is predominantly handled by non banking finance companies (NBFCs) in India.

Following the new directive from the apex bank, gold loan business may face some growth laggard, said the head of a big gold loan player.

The margins of 9-10% which these firms had been maintaining since the past few years may now see a dip by as much as 100 bps, they apprehend.

According to Mr George Alexander Muthoot, Managing Director, Muthoot Finance, the step taken by RBI may hinder new players from entering into this segment in loan business.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
This is how a bank lends money
Central Bank of India ordered to return...
Loans to assist people with bad credit scores
How far can new banking licenses be banked...
Is the Base Rate system really transparent?


BTM Layout ℂall ℊiℝls JACKY 09535769374 ℂall...
BTM Layout ℂall ℊiℝls 07259966973 NISHA ℂall...
9535769374 - JaCkY - CALLGIRLS IN - KUNDALAHALLI @...
i want to check my name in cibil list
I want to check my name in cibil defaulters list
i wanted to know my personal loan balance amount, My...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive