Saturday, September 22, 2012

Peerless Group gets RBI nod to enter consumer loan business


KOLKATA: The Peerless Group has received a new lease of life as the Reserve Bank of India has allowed the group to foray into consumer loan business.  Peerless General Finance and Investment Company (PGFI), once a household name for poor depositors in the eastern and the southern markets, ran into a difficult phase with declining earnings after being forced to phase out its deposit-taking business.......


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