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Gold loan firms flock to securitisation market, says Crisil
Ratings agency Crisil today said there is an uptick in debt securitisation by gold-loan companies in the market, which has stabilised after the initial shocks after the new norms were introduced by the central bank in May. #CRISIL #ExpertView #gold loan
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Gold loan curbs are because of risk concentration: RBI
Move to restrict bank exposure to gold loan companies was not prompted by any specific company, says RBI Governor Subbarao. #Duvvuri Subbarao #Gold loans #NBFCs #Monetary Policy 2012-13 #Financial institutions
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RBI blow: Manappuram looks set to lose more than Muthoot
The markets have hammered both gold loan companies after RBI's new norms, but Manappuram seems to be worse impacted. #ConnectTheDots #Gold loans #Manappuram Finance #Muthoot Finance
Wire
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Sify
Banks might tighten loans to jewellery sector
With the Winsome group (erstwhile Su-Raj Diamonds) defaulting on its loan, gems and jewellery companies might face hurdles in securing loans, as banks might now seek more collateral, as well as higher margins. Senior bankers said the loan-to-value ratio #Gems and Jewellery Export Promotion Council #State Bank of India Group #India
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Moneycontrol.com
Tough to dampen gold demand with curbs on supply: WGC
People will only look at these drops in prices as opportunities to buy more gold and add it to their portfolio Commenting on curbs imposed on gold supply by the government to rein-in the current account deficit, PR Somasundaram MD - India, World Gold Cou #India #CNBC #China
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Economic Times
Role reversal? Jewellers look to procure household gold
KOLKATA: Curbs on loans against gold coins will moderate India's voracious appetite for the yellow metal and the country's huge import bill. But jewellers are upbeat as they expect a lot of household gold to reach the market. Traders and analysts say tha #India #BNP Paribas #Bangalore




