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The shine of gold lasts forever. But the shine of the gold loans business for organised lenders in India did not last for even five years.
Magma FincorpBSE 1.29 % and Captial First are winding up their gold loans business founded a few years ago. For Shriram City Union, the business has come to a trickle from a wave, and for Muthoot, one of the pioneers of the easy-to-fund business, growth is tepid.
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Posted in: Indian Market Tips
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