Gold Loan

Gold spot of bother: Little sparkle for financiers despite tailwinds

Increased competition, lower spreads, moderate growth are among hurdles to overcome

Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts

Analysts believe the continued aggression of banks and fintechs would make gold loan NBFCs pivot their business models to lower spreads and margin

SBI personal banking loan book up Rs-5 trn mark, helped by digital push

Next Rs one trillion of non-home retail loans by Q3FY24

DBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec

Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India

Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt

Muthoot Finance Ltd. is extending a trend in emerging Asia that's dragged down bond issuance in the US currency to its lowest since 2015

Muthoottu Mini looks at 60% sales growth this fiscal at Rs 4,000 cr

Gold loan player Muthoottu Mini Financiers is looking to grow its loan sales by over 60 per cent in this fiscal to around Rs 4,000 crore as it embarks on a faster expansion

IDBI Bank's gold loan business crosses Rs 10,000-crore milestone

IDBI Bank on Tuesday said its gold loan portfolio has crossed a Rs 10,000 crore milestone.

Canara Bank crosses Rs 1 trn mark for outstanding gold loan book in June

Canara Bank is pushing this business in Eastern region and two metropolitan areas - Mumbai and Pune

SBI to scale up gold loan business, start premium banking services

SBI agriculture cold loan portfolio increased to Rs 73,601 crore in FY22 from Rs 66,878 crore in FY2021 and personal segment, the gold loans book expanded by 9.89 per cent YoY to Rs 23,063 crore

Muthoot Finance Q4 profit slides to Rs 1,006 cr as interest income falls

The interest income was down by 3.7 per cent at Rs 2,916.87 crore from Rs 3,029.83 crore in the year-ago period.

Gold loan: Low-cost option and credit score no bar, say experts

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

BharatPe enters gold loan segment; eyes disbursals of Rs 500 cr this year

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

Capri Global Capital to enter gold loan business in first half of FY23

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.

Manappuram, Muthoot Finance: Growth concerns weigh on near-term outlook

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 Q3 profit up 15% at Rs 310 cr backed by home, gold loan biz

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. The company had logged a net profit of Rs 269 crore in the year-ago period. Total income during the period under review rose to Rs 1,071 crore from Rs 919 crore in the year-ago quarter. IIFL loan assets under management grew 11 per cent year-on-year driven by sustained growth in home loan and gold loan businesses, the company said in a release. The non-banking financial company said it has a liquidity comfort at an all-time high at Rs 9,145 crore, which is adequate to meet not only all near-term liabilities but also to fund the growth momentum. "Our annualized ROE (return on equity) remained above 20 per cent and ROA (return on assets) above 2.5 per cent. With ongoing expansion, operating cost grew 9 per cent quarter-on-quarter," it said. As of December 31, 2021, the AUM of the company stood at Rs 46,780 crore, with ho

Spandana Sphoorty probing issues at gold branches of subsidiary: Committee

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

State-owned Punjab National Bank reduces gold loan rates

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

Gold loans firms' FY22 book to grow at 18-20% on tiny biz demand: Crisil

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

Gold loans likely to recover in the second quarter, says CSB Bank

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 gains 7%, hits record high post June quarter business update

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