Latest Updates Around The World
A group of smaller private and PSU banks with sizeable gold loans are turning the gold boom into a balance sheet bonanza, while rising prices and a surge in secured credit demand are boosting growth, margins and asset quality.In the December quarter, CSB Bank led the pack with gold loans constituting a whopping 51% of […]
IIFL Finance plans a retail bond issue of Rs 2,000 crore next week to support business growth that has more than doubled in a year, supported by a rise in gold jewelery lending.The bonds will be issued over multiple maturities, with terms ranging from 24 months to 60 months. These instruments are likely to yield […]
Salee S Nair, MD and CEO, Tamilnad Mercantile Bank Ltd Tamilnad Mercantile Bank on Wednesday reported a 14 per cent rise in net profit to ₹342 crore for the quarter ended December 2025 (Q3FY26). Total income for the third quarter was ₹1,655 crore, compared to ₹1,520 crore in the same quarter last year. The quarter-on-quarter […]
For decades, gold has held a unique position in Indian households, not only as a piece of jewelry or an investment, but also as a symbol of financial security, cultural continuity and long-term wealth preservation. It is estimated that India holds nearly 25,000 tonnes of domestic gold, worth over ₹126 lakh crore, making it one […]
Pralay Mondal, MD and CEO, CSB Bank “In my opinion, it is no longer a taboo to promise gold, these concepts are changing,” CSB Bank MD & CEO Pralay Mondal said. business line in an interaction. The Thrissur-headquartered bank’s gross advances stood at ₹34,712 crore at the end of September, of which gold loans constituted […]
Highlighting a striking contrast between the vast gold holdings of Indian households and the capital needs of Indian companies seeking growth through equity markets, Nithin Kamath, the co-founder and CEO of Zerodha, recently shared a post on social media platform X (formerly Twitter).According to Kamath’s post, Indian households hold an estimated $3 trillion worth of […]
The collaboration is intended to offer small borrowers faster, easier and more affordable for agricultural and allied activities, according to a joint bob and IIFL statement Bank of Baroda (BOB) and IIFL Finance have taken out a co-loan partnership to offer golden loans. The loans will mainly focus on disadvantaged and unchanged customer segments in […]
