Requested govt to make gold financing priority sector: Rakesh Mohan Diwan, Muthoot Group
  • WebDesk BTVI
  • Jul 26 2019

Rakesh Mohan Diwan, Senior VP – Corporate Affairs of Muthoot Group, says the sector has been getting liquidity support from banks but at increased rate of interest. He says banks have initiated a cap on financing NBFCs, after the IL&FS case, which is affecting the sector. He adds that NBFC sector is on revival path, while gold financing going as per normal business. He says they requested the government to make gold financing sector to be treated as priority sector.