In a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...

The news mix could not be more confusing. On the one hand, the US House voted to halt Trump’s Iran war, and Israel and Lebanon again agreed...

Bank credit is growing faster than deposits. Lending to industries is slowing down due to global uncertainties. Loans against gold jeweller...

If the US-Iran ceasefire holds, the markets may see some recovery. The movement of crude oil prices and its impact on the markets supports ...

Gold jewellery loans have seen a massive 50 percent jump year-on-year, reaching ₹19 lakh crore. This makes it the fastest growing retail lo...

Muthoot FinCorp has approved plans to raise up to Rs 4,000 crore via an IPO, aiming to fund expansion in the fast-growing gold loan market....

Muthoot Finance's gold loan growth remains robust, fueled by higher gold prices. The company observes a decline in smaller loans, with larg...

Metal stocks surged on Tuesday, mirroring a sharp rally in global base metal prices driven by supply disruptions and robust demand. Gold lo...

Shivalik has received Reserve Bank of India's (RBI) approval for this acquisition while it has sought clearance from the Registrar of Compa...

Shares of gold financiers Manappuram Finance, Muthoot Finance and IIFL Finance rallied sharply after the government raised import duty on g...

Increased import duties on gold, while potentially impacting jewellery demand, present new opportunities for the gold loan industry. Higher...

Amidst calls to conserve forex, the All India Jewellers and Goldsmith Federation proposed a dedicated bullion bank and revamped gold moneti...

India's gold imports are rising, prompting industry bodies to suggest ways to curb them. Proposals include recycling household gold and lim...

The All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange wi...

Muthoot Microfin is shifting focus from unsecured loans to business diversification. The company aims to reduce its microfinance asset shar...

CSB Bank, a lender backed by Prem Watsa, is adopting a cautious stance on gold loans following global uncertainties. The bank intends to sh...

In light of recent fluctuations in gold prices prompted by international unrest, CSB Bank is reassessing its approach to gold-backed lendin...