India’s top gold loan firms, Muthoot Finance, Manappuram Finance, and IIFL Finance, collectively hold a record 334 tonnes of gold. This amount exceeds the gold reserves of countries like the United Kingdom and Brazil. IIFL Finance saw a significant increase in its holdings after regulatory issues were resolved. Manappuram Finance also boosted its gold financing.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets