GJEPC chairman Colin Shah said operational challenges brought on by the fact that all exporters maintain common inventory for both export and domestic streams.
The case was initiated on the basis of investigations conducted by the Directorate of Intelligence (DRI), Kolkata relating to the diversion of gold jewellery in the domestic area, which was meant for export.
The gang members wearing helmets and masks and holding weapons had entered the office minutes after opening it around 10.30 am on Friday and tied up the employees.
It said the affirmation and change in outlook to stable reflect Muthoot's steady credit profile despite the economic contraction caused by coronavirus pandemic.
. The rise in imports can be attributed to the anticipated demand for the yellow metal along with gold jewellery during the occasions of Dhanteras and Diwali
