Page 3 of gold loan

Banks witness surge in gold loans amid soaring prices

Bankers say higher prices encourage people to opt for gold loans as the loan amount gets bigger.

September 30, 2024 00:30 IST

Gold loans by banks, NBFCs may cross Rs 10 lakh crore this fiscal, says report

Overall organised gold loans grew at a compounded annual growth rate (CAGR) of 25% over the period FY 2020-2024, driven…

September 25, 2024 11:55 IST

gold loans, banks, NBFCs, banking sector, agriculture loans, gold prices, credit risk, credit cost

Gold loans by banks, NBFCs to reach Rs 15 trillion by March 2027; banks remain dominant on jewellery-backed agriculture loans

The organised gold loans expanded at a compound annual growth rate (CAGR) of 25 per cent over the period FY2020-FY2024…

September 25, 2024 11:15 IST

Understanding gold loans and importance of insuring your gold assets

It is critical that one gets their gold assets valued by a Bank or approved Valuer before pledging it for…

September 24, 2024 14:11 IST

IIFL Finance, gold loan, gold lending business, market share, RBI, pricing actions, gold finance, credit rating, gold prices, hiring

IIFL Finance to make strong comeback, brokerages confident about company regaining market share

IIFL’s gold loan AUM stood at approximately Rs 260 billion as of March 4, 2024, when the ban came into…

September 24, 2024 11:51 IST

Gold Loan Fraud: Crucial red flags and how to safeguard against gold loan frauds

Gold Loan Frauds: Crucial red flags and how to stay protected

The increase in gold prices has made gold loans a compelling option for individuals. Nevertheless, this surge in interest has…

Updated: September 7, 2024 10:16 IST

Gold loan NBFCs unfazed by price volatility post duty cut

As per Indian Bullion and Jewellers Association (IBJA), the price of 24-carat gold, which stood at ₹73,218 per 10 gram…

August 21, 2024 03:00 IST

NBFC, gold loan, cash disbursement, gold prices, Income Tax Act, borrowers, NEFT, UPI

Gold-loan NBFCs to report growth despite cash disbursement restriction; favourable movement in gold prices to support

Growth for gold-loan NBFCs, CRISIL said, has also been supported by favourable movement in gold prices. Moreover, given their robust…

August 16, 2024 14:25 IST

IIFL Finance, Q4 earnings, profit, revenue, loans, gold loans, RBI, audit, compliance

RBI special audit over, IIFL Finance releases Q4 earnings with profit at Rs 430.63 crore, down 5.9% on-year

Reserve Bank of India has concluded its special audit of the company, which was initiated in response to significant concerns…

June 17, 2024 10:59 IST

As gold rates surge, could gold loans emerge as the preferred option for borrowers?

Gold loans offer a quick and convenient way for individuals to secure funds by pledging their gold jewellery or coins.…

May 14, 2024 09:30 IST

‘Plan to increase gold loan mix to 10%’

Interview: YS Chakravarti, MD & CEO, Shriram Finance

April 30, 2024 01:00 IST

Banks’ gold loans start to taper

Growing competition, sharp rise in yellow metal prices

April 11, 2024 01:35 IST

Canara Bank, Canara Bank Q1 results, quarter results, profit, NII, deposits, asset quality, banking sector

Canara Bank remains bullish on gold loans

The bank, with the biggest portfolio amid all public sector banks, targets double-digit growth.

March 18, 2024 00:30 IST

The Power of Gold Loans: How gold loans can transform financial realities

According to RBI data, the gold loan disbursals have almost doubled from Rs 46,791 crore in September 2020 to Rs…

March 15, 2024 13:36 IST

RBI, RBI news, RBI Latest news, Gold Loans, IIFL Finance

RBI stops IIFL Finance from sanctioning gold loans over ‘material supervisory concerns’

The central bank said that the decision has been taken after noticing ‘material supervisory concerns’ that were observed in the…

Updated: March 4, 2024 22:18 IST

Gold Loans below 9%: Check which banks are offering cheapest gold loan

Gold loans have emerged as a versatile option for individuals seeking quick access to funds without the hassle of extensive…

March 2, 2024 09:23 IST

banks, NBFCs, gold loans, customers, market share, risk management, profitability, AUM, interest rates, asset quality

Gold-loan NBFCs maintain resilient market share at 60% between Mar 2021 to Sep 2023 despite bank competition

Growth in the assets under management (AUM) of gold-loan NBFCs has been driven by three factors: ability to hold on…

January 3, 2024 15:46 IST

9 crucial situations when gold loan can come to your rescue

When used judiciously, a gold loan can provide the financial support to anyone who needs it the most during critical…

December 24, 2023 12:58 IST

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