Gold Loan

Kosamattam sticks to growth target despite gold rate flux.

Nov 21 2016

According to sources, as per the lending policy of the company, they do not fix the lending rate .

According to sources, as per the lending policy of the company, they do not fix the lending rate or lendable amount based on a particular date but over a period of time. “Therefore, when the gold prices were at say Rs 29000, our internal benchmark price was not Rs 29000, but well below that,” he says. The overall loan book for the company today is less than 70% of realisable value of gold.According to sources, as per the lending policy of the company, they do not fix the lending rate or lendable amount based on a particular date but over a period of time. “Therefore, when the gold prices were at say Rs 29000, our internal benchmark price was not Rs 29000, but well below that,” he says. The overall loan book for the company today is less than 70% of realisable value of gold.

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