It may come as a surprise, but one of India’s biggest non-banking financial companies (NBFCs) has more gold in its vaults than many countries.
Muthoot Finance, the country’s largest gold loan provider, currently holds 209 tonnes of gold in its safe deposit boxes. This is three times the gold reserves of Pakistan and higher than the reserves of Brazil, Australia, and South Africa.
Shailendra Bhatnagar, Chief Analyst & Editor – Markets at Business Today Televisi
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