New Delhi, June 9 -- Muthoot Finance share price in focus: Shares of Muthoot Finance, a non-banking financial company (NBFC) specialising in gold loans, extended their winning streak for the seventh straight session on Monday, June 9, rising 4.2% to hit a fresh all-time high of Rs.2548 apiece. This rally also pushed the company's market capitalisation past the Rs.1 lakh crore mark for the first time.

The stock has been buzzing on Dalal Street after the Reserve Bank of India (RBI), on Friday, released its final guidelines on gold loans, which include more relaxed Loan-to-Value (LTV) norms compared to the draft proposals. Under the revised norms, the LTV ratio limit for gold loans below Rs.2.5 lakh has been increased to 85% from 75%.

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