Essayer OR - Gratuit
Gold Lending Industry Eyes Self-Regulation, Priority Tag
Mint New Delhi
|September 05, 2025
With ₹3 trillion in assets, gold lenders push for SRO tag and priority treatment in RBI norms
Old lending industry lobby plans to seek self-regulatory organization (SRO) status from the Reserve Bank of India (RBI), citing its growing size and unique rules applicable to the business.
The Association of Gold Loan Companies (AGLOC), India plans to start the process with 10 founding members, which are required under RBI regulations, and then add more members as it grows, said president George Alexander Muthoot, who is also the managing director of the country's largest gold lender Muthoot Finance Ltd. "We will talk to RBI and start discussions."
Kochi-based AGLOC (India) is a non-profit organization whose objectives, according to its website, include promoting and safeguarding the interests of gold loan financing companies and providing a common forum.
Cette histoire est tirée de l'édition September 05, 2025 de Mint New Delhi.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint New Delhi
Mint New Delhi
Iran threatens US, Israel amid protests
Iran's parliament Speaker warned Sunday that the US military and Israel would be \"legitimate targets\" if America strikes the Islamic Republic over the ongoing protests roiling the country, as threatened by US President Donald Trump.
1 min
January 12, 2026
Mint New Delhi
Europe needs to arm itself again and that's an opportunity for us
Europe will have to reckon with internal divergences as it adapts to the withdrawal of a US shield
3 mins
January 12, 2026
Mint New Delhi
Indian Railways eyes rust-resistant rails
The Indian Railways plans to use galvanized steel rails in coastal and high-humidity regions to reduce corrosion and quadruple track life, two people aware of the development said.
2 mins
January 12, 2026
Mint New Delhi
India to strengthen maritime security ties
India is set to deepen engagement to promote safe and secure seas in Asia.
1 min
January 12, 2026
Mint New Delhi
Trump's oil grab is a big problem for the OPEC cartel
Bringing Venezuela's output under U.S. control has potential to upend the power balance
4 mins
January 12, 2026
Mint New Delhi
‘Govt spending crucial, hope it does not pursue aggressive tightening’
The key hope from the Union Budget is that the government does not pursue aggressive fiscal tightening, according to the head of equity investments at Canara Robeco Asset Management Co.
3 mins
January 12, 2026
Mint New Delhi
AI is causing a memory shortage. Why producers aren’t rushing to make a lot more.
The world needs a lot more memory chips and hard drives.
3 mins
January 12, 2026
Mint New Delhi
Banks object to RTI disclosure of NPAS
Four major banks—Bank of Baroda, RBL Bank, Yes Bank and State Bank of India (SBI)—have approached the Central Information Commission (CIC) objecting to the disclosure of information such as the list of defaulters and nonperforming assets (NPAs), penalties and inspection reports, even as the Reserve Bank of India (RBI) termed the records “liable to be disclosed” under the Right to Information (RTI) Act.
1 min
January 12, 2026
Mint New Delhi
WHY OUR SAVINGS CULTURE REWARDS ALL BUT THE SAVER
A couple of years ago, I wrote about how India remains, at its core, a fixed-income country.
2 mins
January 12, 2026
Mint New Delhi
FMCG players see strong Q3 recovery
Driven by goods and services tax (GST) reforms, robust festive demand, and softening raw material prices
1 min
January 12, 2026
Listen
Translate
Change font size