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Muthoot, IIFL shares crash up to 10% as RBI says 'Guidelines on gold loans soon'
short by Pragya Swastik / on Wednesday, 9 April, 2025
The shares of Muthoot Finance, IIFL Finance, Manappuram Finance and Cholamandalam Investment and Finance Company fell up to 10% on Wednesday. These stocks fell as RBI Governor Sanjay Malhotra announced that the RBI will soon issue comprehensive guidelines on loans against gold and non-fund-based entities. He said the guidelines for co-lending will now be extended to all regulated entities.
read more at Moneycontrol.com