......But cost-cutting can take a firm only so far. Customers have not come back in droves as expected once the RBI norms were eased, and gold assets under management have continuously declined. Yes, gold auctions will likely peter out now, but declining gold prices could act as dampener. Note that in the June quarter, Manappuram Finance reported a 4% decline in disbursements. Moreover, there is increasing competition from banks after the RBI removed a cap on the maximum ticket size on loans. In that context,..........
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