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Gold Price Rally Powers Manappuram Finance’s AUM Growth In Q3

Manappuram Finance’s gold loan AUM growth in Q3 can be attributed to an increase in tonnage and higher gold prices, says CEO.

Chandrakant Mahapatra
Gold jewelry sits on a digital scale in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Manappuram Finance Ltd.’s gold loan assets under management grew in the quarter ended December on the back of a sharp rally in gold prices, according to its Managing Director and Chief Executive Officer VP Nandakumar.

WATCH | Manappuram Finance's VP Nandakumar on the company’s Q3 results

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