Indian gold lender's stocks dip as cenbank scrutiny sparks growth fears

Oct 1 (Reuters) - Shares of Indian non-bank gold lenders Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS dropped 2% each early on Tuesday, a day after the central bank said it found "several irregular practices" in the industry. The Reserve Bank of India warned that non-compliance with regulatory guidelines could attract, among other things, supervisory action by the central bank. Those comments are "a sentimental negative for the gold lenders", brokerage Motilal Oswal said in a note. (Reporting by Nandan Mandayam in Bengaluru and Siddhi Nayak in Mumbai; Editing by Savio D'Souza) (([email protected]; Mobile: +91 9591011727;))