THIS Billionaire Family On A Roll Amidst Gold Loan Demands; But The Biggest Challenge Is Keeping Rivals At Bay
Muthoot Finance Ltd.’s meteoric rise highlights the growing power of India’s shadow banking sector, which is quietly driving much of the country’s economic momentum. Gold loans, in particular, have taken off in a big way, soaring 35 per cent in the 12 months ending June to 13.4 trillion rupees ($151 billion).
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