Gold standard: Muthoot scores as investors weigh up NBFCs
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Asia

Gold standard: Muthoot scores as investors weigh up NBFCs

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India’s non-banking financial companies have been under fire for the past year, after the collapse of Infrastructure Leasing & Financial Services (IL&FS) in 2018 spooked investors and dragged down the sector. But Muthoot Finance, a gold financier, proved this week that some capital-starved NBFCs can still find an audience in the international bond market. Morgan Davis reports.

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