Moneycontrol PRO

business

Here's what the latest RBI norms mean for gold loan cos

The new RBI reform does not increase gold provisioning risk weights and it won't compress margins They are more routine reminders like, gold loan companies should ensure that they have very strong vault arrangements to store the precious metal.

first published: Sep 17, 2013 11:55 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347