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The separation of microfinance from the parent will mean that the company will take at least five years to get to its aspired 50:50 mix of gold and non-gold loans. Gold loans make up 56% of its assets under management (AUM) of ₹37,086 crore at the end of June. Nandakumar said that the pace of growth in gold loans will be half the average growth. ....
We had mentioned in Thursday’s closing report that Nifty and Sensex may remain range bound. On Friday, the indices opened gap down and ended deeply in the red. ....