Gold loan firms to roll out CBS for uniform operations

.....A working group set up by the Reserve Bank of India (RBI) under the chairmanship of K U B Rao to look into the issues related to gold import and gold NBFCs said in its draft report: “The practices followed by the NBFCs in gold loan business need to be subjected to scrutiny in order to make this organised financing process free from vagueness, which otherwise leads to exploitation of customers.”............

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