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Gold loans growing sharply as lenders shy away from unsecured loans, Muthoot Finance MD says
The sharp growth in lenders’ gold loan portfolio does not reflect stress on borrowers’ part, but lenders are shying away from growing their risky unsecured
State-run lender reports ₹ ₹270.57-crore worth loan fraud by Odisha-based firm to RBI; stock down 10% YTD
State-owned Punjab National Bank on Tuesday reported a fraud of ₹270.57 crore by Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank. Borrowal fraud of