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Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report
Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…
PTI
India's gold loan market set for rapid growth amid rising prices; unorganized sector holds 63% share, notes recent PwC report
Indian households are estimated to possess approximately 25,000 tonnes of gold, valued at around Rs…
ANI
Public sector banks asked to reassess gold loan process amid debt risk concerns
The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…
ANI
IIFL Finance emerges as second largest gold loan NBFC
The market leader in gold loans is Muthoot Finance with an AUM of Rs 66,089 crore, as of Sept…
PTI
Retail trumps corporate lending as small-ticket loans see fourfold jump in past two years
Personal loans are on the rise. The month of December has seen the category in lending-verse amass …
Here’s how Muthoot Finance is bringing about a perception change around gold loans with its marketing initiatives
Abhinav Iyer, GM, Marketing & Strategy, Muthoot Finance tells us how its effective marketing strate…
5 things to keep in mind before taking a personal loan
A personal loan can come in handy when you need money in case of an emergency. Being an unsecured l…
Muthoot Microfin IPO subscribed 82% on first day of offer
The initial public offer of Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan grou…
PTI
RBI doubles bullet repayment gold loan limits for urban co-op banks to Rs 4 lakh
The Reserve Bank of India on Friday announced doubling the lending limits for gold loans under the …
PTI
EXCLUSIVE: Muthoot Finance says this year's growth is likely to exceed guidance
In fact, business is going so well that Muthoot Finance could be on track to beat its projected …
Fintech startup offering gold loans to improve credit availability in Tier-2,3 cities raises $1.5 million in seed funding
Kae Capital led the funding round in fintech startup Bold Finance. The round also saw participation…
Sebi puts Manappuram Finance's arm Asirvad Micro Finance IPO on hold
Capital markets regulator Sebi has kept in "abeyance" the proposed Rs 1,500 crore Initial Public Of…
PTI
Gold loan providers in India face a rise in robberies as gold prices rise
Five of those robberies happened in 2020, three in the last three months. While this may seem …
As Sima Taparia would say, the stars are aligning perfectly for Muthoot and Manappuram shareholders
Gold prices are soaring, the Reserve Bank of India is pushing for more cash in the system to increa…
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RBI eases gold loan norms — you can now borrow more against gold jewellery
Borrowers can now unlock more value, as their gold jewellery will fetch more money that it did p…
IIFL Finance shares bounce back after two days of sharp fall
Shares of IIFL Finance Ltd bounced back on Thursday and climbed nearly 10 per cent after tumbling i…
PTI
Muthoot Finance launches new marketing campaign featuring Amitabh Bachchan
The 3-film campaign keeps the Elephant at its center, presenting it as a critical enabler that make…
Muthoot Homefin aims to disburse ₹700 crore home loans in FY22
"For the coming year, in addition to further penetration into the existing geographies, Muthoo…
Prem Watsa-backed Fairfax India commits up to $200 mn to IIFL Finance
Indian-Canadian billionaire Prem Watsa-backed Fairfax India on Wednesday announced its commitment t…