Reserve Bank bans Muthoot Fincorp arm

RBI is continuing its crackdown on erring gold loan companies

Written by Agencies | Mumbai | Published: March 30, 2012 12:15 pm

Continuing its crackdown on erring gold loan companies,the RBI on Thursday directed Muthoot Estate Investments not to collect deposits in the form of fixed deposits,cumulative deposits and special public deposits from the public.

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