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We need to have a level-playing field with banks: Manappuram Finance CEO

It makes sense to go for bank gold loans if customers are borrowing larger ticket sizes, like Rs 10 or Rs 15 lakh, and for a longer period

Manappuram Finance CEO, V P Nandakumar

Manappuram Finance CEO, V P Nandakumar

Raghu Mohan
Manappuram Finance has diversified into vehicle loans and microfinance even as its traditional preserve — the gold loans business — has seen the entry of banks. This was due to the relaxation in loan-to-value (LTV) norms during the pandemic. The firm’s managing director (MD) and chief executive officer (CEO) V P Nandakumar makes a case for equal treatment with banks in an interview with Raghu Mohan. Edited excerpts:

What’s your outlook on gold prices given that the Fed is not done yet with its rate hikes? And, what does it mean for those who have availed of gold loans?


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First Published: Feb 26 2023 | 6:42 PM IST

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