Gold loan cos profit surge on better collection, small tenure
The jump in profitability of these players increased after they changed their business model-periodic collection of interest on the loans and lowering of product tenures in early 2014.
Sep 07, 2017, 18:06 PM ISTCCI rejects cartelisation charges against 12 banks
The Competition Commission has rejected Muthoot Mercantile's allegations that 12 commercial banks including SBI, Canara Bank and IDBI formed a cartel for offering and marketing gold loan products.
Jan 05, 2015, 17:04 PM IST