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Gold Loan

Impairment on financial instruments grew sharply to Rs 420 crore in Q2 FY25 from Rs 81.14 crore in Q2 FY24

Updated On: 14 Nov 2024 | 7:54 PM IST

Borrowers must remain vigilant about their repayment schedules and communicate proactively with lenders if they encounter difficulties

Updated On: 24 Oct 2024 | 7:44 PM IST

The funds raised will be used for onward lending and other activities permitted under the external commercial borrowing guidelines of the Reserve Bank of India

Updated On: 23 Oct 2024 | 6:36 PM IST

According to the report, Asirvad contributes around 27 per cent to the consolidated assets under management (AUM) of Manappuram Finance

Updated On: 19 Oct 2024 | 12:29 AM IST

Global tech titan Google on Thursday said it has tied up with Muthoot Finance to provide gold-backed loans through its mobile payments service GPay. Google also announced that from October 3, 2024, its AI assistant Gemini Live will be available in Hindi, and later eight more Indian languages will be included. These announcements were made by the company officials at the 10th edition of 'Google for India' event here. GPay is expanding its offerings by introducing gold-backed secured loans in collaboration with Muthoot Finance. According to Google India MD Roma Datta Chobey, about 11 per cent of the world's gold is housed in India. People across India can now access this credit product, with affordable interest rates and flexible usage options--delivering flexibility to the borrower, and security to the lender, Google said. As regards AI assistant Gemini Live, Hema Budaraju, Senior Director, Product Management, Google India, said that over 40 per cent of the Gemini users rely on voi

Updated On: 03 Oct 2024 | 7:03 PM IST

Action taken by lenders have to be informed to the senior supervisory manager (SSM) of the regulator

Updated On: 03 Oct 2024 | 4:59 PM IST

While banks are dominant in jewellery-backed agriculture loans, NBFCs lead in retail gold loans and are expected to expand at 17-19 per cent in FY25

Updated On: 01 Oct 2024 | 11:25 PM IST

On March 4, 2024, the RBI imposed restrictions on IIFL Finance after observing deviations in assaying and certifying purity and net weight of gold at time of sanctioning loans and at time of auction

Updated On: 19 Sep 2024 | 7:58 PM IST

The July Budget reduced the import duty on gold from 15 per cent to 6 per cent, lowering input costs for jewellers and deterring smugglers

Updated On: 22 Aug 2024 | 11:53 PM IST

Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent

Updated On: 22 Aug 2024 | 12:10 AM IST

According to CRISIL, growth for gold-loan NBFCs has been supported by favourable movement in gold prices

Updated On: 16 Aug 2024 | 7:36 PM IST

No plans to become BC for gold loan business

Updated On: 12 Aug 2024 | 10:48 PM IST

Personal loans also showed moderation, with sanctions by finance companies growing by just 1.4 per cent sequentially in Q4FY24

Updated On: 03 Jul 2024 | 11:53 PM IST

Regulator last year hiked risk weights for unsecured loans and put curbs on IIFL Finance, a large player in gold loan business

Updated On: 03 Jul 2024 | 6:49 PM IST

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,490, Rs 66,340, and Rs 66,940, respectively

Updated On: 24 Jun 2024 | 8:06 AM IST

For FY24, its consolidated net profit rose by 23 per cent to Rs 1,974.2 crore from Rs 1,607.5 crore in FY23. Its NII rose by 38 per cent Y-o-Y to Rs 4,153.8 crore in FY24

Updated On: 16 Jun 2024 | 7:55 PM IST

Firm will not sell gold loans to asset reconstruction companies as the RBI is 'not comfortable', says George Alexander Muthoot

Updated On: 12 Jun 2024 | 11:31 PM IST

Finance firm facing curb on gold loan business

Updated On: 06 Jun 2024 | 9:16 PM IST

Muthoot Finance Q4: Muthoot Finance clocked its highest-ever consolidated loan asset under management (AUM) of Rs 89,079 crore in Q4FY24

Updated On: 31 May 2024 | 10:58 AM IST

Muthoot's standalone loan assets under management increased 20% to Rs 75,827 crore for the year ended March 31

Updated On: 30 May 2024 | 5:22 PM IST