Manappuram Finance (up 19.97%), Muthoot Finance (up 15.96%) and Muthoot Capital Services (up 9.49%), edged higher.
Meanwhile, the BSE Sensex was up 37.66 points, or 0.19% at 19,751.90.
According to draft report prepared by a working group set up by the Reserve Bank of India (RBI), under the chairmanship of K U B Rao, an adviser to RBI's department of economic and policy research, has suggested a review of the cap on the loan-to-value (LTV) of gold-loan non-banking finance companies (NBFCs) to 75%.
Currently, the ratio for gold loans by NBFCs is capped at 60%. This means for gold worth Rs 100 offered as collateral, lenders can give loans up to Rs 60.
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