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VERIFIEDET Markets·neutral
Top gold loan companies expand bullion holdings to record levels in FY26
AI Summary
- ·India's top gold loan companies, including Muthoot Finance, Manappuram Finance, and IIFL Finance, now hold a record 334 tonnes of gold.
- ·This combined gold holding surpasses the reserves of countries such as the United Kingdom and Brazil.
- ·IIFL Finance and Manappuram Finance increased their gold holdings, with IIFL's rise following the resolution of regulatory issues.