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India’s 3 trillion rupee gold loan market on self-regulation drive

Posted on 21 June 2012

Leading gold finance companies in India have decided to form a self-regulatory organisation that will frame a fair business practices code for the industry.
The Indian gold loan market is estimated at over Rs 3 trillion. Organised sector players such as banks and non banking finance companies command just over 25% of the market. According to research firm Crisil, organised sector lending against gold amounts to about $17.32 billion………………………………………..Full Article: Source

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