Bain Capital bet Rs 4,000 crore on gold. The RBI just walked all over it
Gold is India’s oldest deity, and lending, her oldest ritual. So naturally, gold lending, the religion that binds the two together, has its fair share of believers. But it’s now drawing a set of new ones.
In the last two years, as faith fled from everything else and took refuge in gold, sending it soaring, private investors and large banks turned fresh converts to this religion. And one of their latest prayers is expected to crystallise this week.
Bain Capital will........
