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AK Khan tightens gold-pledging process 18 June 2011
In what is seen as an attempt to curb gold robberies which are increasing day by day in the city, Hyderabad police commissioner AK Khan today imposed new restrictions on money-lending organizations giving loans against pledging of gold ornaments. Addressing...
Keywords: gold-pledging, loans on gold-pledging, gold loans, gold robberies
Read MoreNBFC gold loans: RBI for stricter norms 24 March 2012
RBI also made it clear henceforth that, NBFCs should not grant any advance against bullion or primary gold and gold coins. Also, RBI observed that NBFCs who are predominantly engaged in lending against the collateral of gold jewellery have recorded...
Keywords: Muthoot Finance, Reserve Bank of India (RBI), risk management measure, Muthoot Finance
Read MoreIndia makes hallmarking gold jewellery 04 January 2012
India has made hallmarking gold jewellery for quality control mandatory, a senior government minister said. India is the world's biggest consumer of gold but quality is sometimes a problem, especially with small jewellers and customers face problems during redemption. Gold...
Keywords: jewellery marcket, Jewellery showrooms hyderabad., gold jewellery, India gold jewellery
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