The company is a NBFC-MFI (non-banking finance company – micro finance institution) offering loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans, and focuses on the lending model of ‘self-help group’. Muthoot Finance owns a 66.13% stake in Belstar.
Gold demand in India seen falling as prices surge, investment buying rises
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with