Gold loan non-banking finance company Indel Money has witnessed a rise of 127.21% in its net profit in the second quarter of FY24 to 18.91 ...

The company's AUM (asset under management) grew 61% year-on-year during the same quarter to Rs 1294.44 crore. The annual disbursement rate ...

In FY23, Indel Money witnessed an unprecedented over 250 percent growth in disbursement compared to that of FY22. The company disbursed loa...

Gold loan non-banking finance company Indel Money has announced its third tranche of public issue of Secured NCDs with the face value of Rs...

This partnership will provide Indel Money Gold customers with access to a range of healthcare services, including unlimited general physici...

The market placement expertise of Yubi also helped us develop a broad investor base for the MLDs. For investors, our MLDs offer a short ten...

Initially, the facility will be available to its existing gold loan customers, the company said. It will later be expanded to a broader seg...

The NCDs are for a tenure of 366 days to 77 months with a coupon yielding up to 11.5 per cent per annum. Umesh Mohanan, executive director ...

Indel Money's gold loan portfolio stood at Rs 336 crore in FY20 and Rs 580 crore in FY21 and is confident of closing the book with Rs 700 c...

The NBFC is aiming to double its gold loan portfolio by 2022-23 from that of 2020-21, banking on sustained economic recovery, subsequent gr...

Under the co-lending partnership, Indel Money will originate and process gold loans based on mutually formulated credit parameters and elig...

While IndusInd Bank will take into its book 80 per cent of the gold loan generated by the co-lending arrangement, the remaining 20 per cent...

The secured and unsecured NCDs come with a face value of Rs 1,000 each. The issue includes a base issue size for an amount of up to Rs 75 c...

The NBFC is also in talks with private equity (PE) funds to divest 15 per cent stake as it charts out a faster growth trajectory by enterin...

With the divestment, the company aims to lay out a faster growth trajectory by entering new markets in FY22 and going for an eventual publi...

The rating of Indel Money on the short-term scale has also been upgraded to ‘A3 Plus’ from ‘A3 minus’.

Kerala-based Indel Money launched the first long-term gold loan in the country with two-year tenure, a loan product that aims to garner bus...