RBI Eases Gold Curbs
  • Prabha Hedge
  • Jan 09 2014

January 9: NBFCs are surging in trade today as the RBI has made it easier to seek loans using gold jewellery as collateral by raising the loan-to-value ratio for gold loans to up to 75%. Bloomberg TV India speaks to Oommen Mammen, CFO, Muthoot Finance and V.P. Nandakumar, CMD, Manappuram General Finance, to learn the implications of the move.