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
Personal loans in India: Features and...
Carnival of Indian Personal Finance Blogs # 9
Carnival of Indian Personal Finance Blogs #1
Bank loans that could glitter for you
A chronicle of excesses by loan recovery...


ℂall girℒs iℕ Bangalore Nisha 7259966973 ☻...
ℂall girℒs iℕ Bangalore Nisha 7259966973 ☻...
ℂall girℒs iℕ Bangalore Nisha 7259966973 ☻...
Mohali escorts services O9855660911 CaℒL GiℛℒS...
Chiggy Call GiℛLs In Zirakpur 09855660911 Call...
Escort Service Amritsar 08196881140 Escorts in Amritsar

NEWS THIS WEEK
SBI tied up with APPL to support small tea workers in Assam Dec 19, 2014
Syndicate bank assisting the women entrepreneurs Dec 18, 2014
Axis bank launched first women branch in Patna Dec 17, 2014
SBI rolling a new Tech learning centre in Dimapur Dec 16, 2014
6th excellence Banking Award in Kerala Dec 15, 2014
News Archive