Gold Loan

If the price of gold plunges, a borrower can be asked to put up additional collateral

For launching gold loans, BharatPe has partnered with a few NBFCs, and will be offering loans of up to Rs 20 lakh against gold pledge

NBFC Capri Global Capital Ltd (CGCL) said it is planning to enter the gold loan business in the first half of the financial year 2022-23.

Analysts have cut earnings growth forecast but see the stocks giving up to 34.4 per cent (Muthoot) and 58.7 per cent (Manappuram) returns on attractive valuation

IIFL Finance on Friday reported 15 per cent increase in net profit at Rs 310 crore for December quarter 2021-22, backed by growth in home and gold loan businesses.

Company appoints Shalabh Saxena as new MD&CEO, says it is probing IT management contract given by former executive.

PNB is also offering a full waiver of service charges/processing fee on the loans against gold jewellery and SGB, similar to home loans and vehicle loans announced recently

Working capital needs drive uptick in demand; gold loans taken by individuals support uptrend

The gold loan portfolios of banks widened last year after the RBI allowed banks to offer 90% of the value of gold loans from 75%

CSB Bank reported a 3.5 per cent QoQ decline in gross advances to Rs 14,146 crore

Gold loan finance company Muthoot Finance Ltd (MFIN) on Wednesday reported a 22 per cent jump in standalone profit after tax at Rs 996 crore for the three months to March 2021.

Mulls listing of MFI subsidiary

In a health emergency, speed of disbursement is more important than cost

Gold loans had boomed over the past year as small businesses tried to revive themselves from lockdowns by pledging family jewelry that's a staple of almost all Indian households

In August 2020, when RBI raised the LTV for gold loans to 90 per cent, effective till March 2021, gold price was at a record high. It's time to pare the LTV for de-risking the lenders

MG George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family.

If LTV ratio on your loan exceeds the regulatory cap, lender can sell pledged gold to recover dues

Consolidated loan assets of the group grew 28% to Rs 55,800 cr during nine months of 2020-21

Defaulting on card dues could restrict access to credit in future

By limiting applicability to banks, a vulnerable section of the population is punished by exclusion, the Council says