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RBI Gold Loan Rules to Moderate Sector Growth
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The Reserve Bank of India’s (RBI’s) recent guidelines for the non-banking gold loan sector will significantly moderate growth and profitability over the next year, according to CRISIL Ratings.“Business growth is likely to fall from...
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Retail
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Mar 23, 2012
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Dilipp S Nag
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RBI Curbs Rules for Loans Against Gold, Jewelry
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The Reserve Bank of India (RBI) tightened rules for how non-banking financial companies (NBFCs) lend funds using gold and jewelry as collateral given such rapid growth of this activity.NBFCs have recorded significant growth...
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Retail
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Mar 22, 2012
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Dilipp S Nag
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