Latest Updates Around The World
According to the Crisil Ratings report, the assets under management (AUM) of non-banking financial companies (NBFCs) specializing in gold loans will witness a compound annual growth rate (CAGR) of 40 per cent between this fiscal and the next, crossing ₹4 lakh crore by March 2027. The increase in assets under management of NBFCs (with a […]
The new RBI regulations and the classification of gold loans into consumer loans (CLs) and income generating loans (IGLs), the rating agency said, have given lenders flexibility in calculating the loan-to-value (LTV) ratio. | Photo credit: Getty Images The new and clear gold lending guidelines introduced by the Reserve Bank of India (RBI) and rising […]
Umesh Revankar, Executive Vice Chairman, Shriram Finance Shriram Finance, a major auto loan company, is aiming to expand its gold loan portfolio and launch gold-specific branches in a bid to diversify its asset base, Executive Vice Chairman Umesh Revankar said. business line. “While we will not be launching any new products, we will look to […]
Net portfolio growth in loans against gold jewelery segment surpassed ₹1 lakh crore for the first time in half a financial year in H1FY2026 | Photo credit: Deepak Sethi Retail gold loans are shining brightly in banks’ overall loan portfolio thanks to the rise in gold prices, shift in demand towards unsecured loans and borrower-friendly […]
Ready to listen: Sanjay Malhotra, Governor, Reserve Bank of India | Photocredit: Dhiraj Singh “We must be aware that we do not have the monopoly of all knowledge,” said Reserve Bank of India (RBI) Governor Sanjay Malhotra in his first public statement after taking over the institution entrusted to handling government finances and have provided […]
