A DFS recommendation to exempt gold loans below ₹2 lakh from RBI’s guidelines is poised to ease regulatory pressure on gold loan companies. This move is expected to shield nearly 80% of customers from tighter norms, facilitating faster loan disbursals and business expansion. Major players like Muthoot Finance and Manappuram Finance witnessed gains following the news.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets