Reuters Market Eye - Gold loan finance companies slump after a crash in prices of the yellow metal, which will potentially reduce the value of the collateral held by these companies.
Muthoot Finance Ltd.
Gold prices fell 5 percent on Friday, the biggest drop since December 2008.
The Times of India reported quoting unnamed sources that the Reserve Bank of India has moved into 'high-alert' mode after the crash in gold prices and will seek information from gold loan companies.
(Reporting by Subhadip Sircar)
