On a Golden Streak
For large gold loan NBFCs, business model revamp paves the path out of a slump.
Profitability of large gold loan non banking finance companies (NBFCs) rebounded to peak levels seen before the regulatory tightening began in 2012 and eroded returns. FY2016/17 saw their return on assets zoom to over 4 per cent from around 2.5 per cent in FY2013/14.
The improvement started as large NBFCs made two changes to their business model
