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UMESH MOHANAN
Indel Money appoints investment banker Lincoln International to raise $30-40 million ahead of IPOIndel Money, a gold-loan NBFC, appointed Lincoln International to raise $30-40 million from PE funds. This funding supports growth initiati...- Cos hail RBI move to exempt small-ticket gold loans from stringent appraisal requirementsThe Reserve Bank of India's decision to ease appraisal norms for small gold loans is set to improve credit access, according to gold loan c...
- Indel Money reports 52% growth in Assets Under Management and 10% profit increaseIndel Money, a gold-loan NBFC, reports strong growth. Assets under management increased by 52%. The company's AUM reached Rs 2,400 crore. P...
- Gold loan NBFC Indel Money opens new NCD issue: Up to ₹150 crore on offer with attractive returnsIndel Money launches its fifth public issue of secured NCDs, offering a base amount of Rs 75 crore with an option to retain oversubscriptio...
- Indel Money doubles profit & eyes continued growth in gold loan marketIndel Money, a gold loan NBFC, has reported a significant rise in profit and revenue for FY24. Profit doubled to Rs 55.75 crore from Rs 29....
- Kochi-based NBFC Indel Money to raise upto Rs 200 crore through NCDsNCDs proposed to be issued under this Issue are rated as BBB+/Stable ratings by Crisil. It indicates a moderate degree of safety regarding ...
- Indel Money's net profit rises 127% in Q2FY24, revenue up 61%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 ...
- Indel Money Q1 Results: Profit jumps 63% QoQ to Rs 21 croreThe company's AUM (asset under management) grew 61% year-on-year during the same quarter to Rs 1294.44 crore. The annual disbursement rate ...
- Gold loan NBFCs see demand surgeHigher gold prices propel small businesses and businesses from the unorganised segments to seek gold loans to meet their working capital re...
- Gold loan NBFCs report 12% uptick in credit demand from agri sector"The credit demand from farming in general is high. Fish farming and shrimp farming have shown more demand during the ongoing kharif season...
- Gold loan player Indel Money eyes Rs 1,000 crore loan book next fiscalIndel 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...
- Gold auctions by lenders spike amid loan defaultsNBFCs auction mortgaged gold if customers fail to repay the loans in time. Many small businesses had taken gold loans soon after the withdr...
- Indel Money enters partnership with IndusInd Bank to offer gold loans at competitive ratesUnder the co-lending partnership, Indel Money will originate and process gold loans based on mutually formulated credit parameters and elig...
- IndusInd Bank inks gold loan co-lending pact with Indel MoneyWhile 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...
- NBFC Indel Money to launch maiden Rs 150 cr NCD in SeptemberThe 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...
- Indel Money in talks with PE players to divest 15 percent for Rs 140 croreWith the divestment, the company aims to lay out a faster growth trajectory by entering new markets in FY22 and going for an eventual publi...
- Gold loans shine again, demand picks up in July as Covid cases declineGold loan NBFCs are seeing more competition in the gold loan business in the current financial year as the special allowance given by the R...
- Why are gold loan tenures increasing during Covid?An increasing number of business owners and households are recognising gold loans as a source of arranging long-term funds, which was quite...
- Are long-term gold loans in demand?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...
- Mumbai-based Indel Corporation plans to expand its wings in more statesThe financial subsidiary Indel Money will open more branches in Kerala, Tamil Nadu and Karnataka and diversify its activities.
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