Gitanjali Gems’ Financing Worries Soar After RBI Restricts Gold Credit
  • Saba Ashraf
  • Jul 02 2013

Gitanjali Gems has been hit hard by the Reserve Bank of India's recent stipulation that gold can only be imported on a 100% cash basis and not on credit. The company, which is already burdened by over Rs.5,000 crores of debt, has had their crucial line of credit cut off because of this norm.