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GOLD LOAN CHARGES
When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...- Father's passion for archery, mother selling 'Mangalsutra': Dhiraj Bommadevara's journey to double gold in WCDhiraj Bommadevara secured two gold medals at the Archery World Cup Stage 3 in Antalya. He defeated South Korea in both the recurve mixed t...
- Andhra Cabinet gives nod to 34 proposals; boosts aviation, irrigation, industrial developmentThe Andhra Pradesh Cabinet approved 34 proposals, including a new aviation policy, organ transplantation law, and revised funding for the P...
- FM Sitharaman says Government open to hear investor concerns on LTCG, STCG taxationFinance Minister Nirmala Sitharaman has indicated the government is ready to listen to stock market investors. Concerns regarding Long-Term...
- Gold loans are no longer merely the last source of credit for the poor: Shaji Varghese, CEO, Muthoot FinCorpMuthoot Fincorp is gearing up for a monumental ₹4,000 crore IPO, seeking to ignite its expansion plans and harness the momentum of its curr...
- RBI imposes penalty on IIFL FinanceThe Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Tech...
- India's gold loan market has huge potential, there's lot of idle metal: George Alexander MuthootThe rise in prices will add to the growth momentum as it will give more borrowing power to those who are pledging gold. The uncertainties w...
- As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEOIndian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capita...
- Vijay sworn in as Tamil Nadu CM: Here's what TVK promised ahead of Assembly pollsTamil actor Vijay's party, Tamilaga Vettri Kazhagam, has taken charge as Tamil Nadu's new government. Vijay is now the Chief Minister. The ...
- Muthoot Microfin grew 13% when the industry shrank 20%; CEO explains what's nextMuthoot Microfin defied industry decline, growing assets by over 13%. The company improved its loan repayment rates and reduced bad loans. ...
- Gold loan guide: 7 things you must know before you pledge your gold
- Can Rs 1.5 lakh monthly salary afford to buy a home? 30-year-old with Rs 22 lakh savings reopens rent vs buying debateA 30-year-old woman earning Rs 1.5 lakh per month and holding savings of over Rs 22 lakh has sparked an online discussion after questioning...
- Rs 7 crore gold loan 'fraud' at bank in Maharashtra's Jalna; two heldA massive fraud of Rs 7.31 crore has been uncovered at a Canara Bank branch in Jalna, Maharashtra. Police report that ornaments from gold l...
- Paytm says no financial or business impact from PPBL action; services remain fully operationalPaytm has said that the Reserve Bank of India’s (RBI) action on Paytm Payments Bank Ltd (PPBL) will have no financial or business impact on...
- Pakistan places $1.5 billion Sudan weapons sale on hold after Saudi objection: ReportPakistan's significant weapons and jets deal with Sudan is now on hold. Saudi Arabia has asked Pakistan to cancel the agreement. Riyadh has...
- Gold loans soar in India, but it’s southern households leading the chargeGold loans in India have surged fourfold since March 2022, becoming the second-largest retail credit segment. Southern states, led by Tamil...
- Gold loan NBFCs have enough buffer for now — but a second 15% price drop would test them: Fitch RatingsGold prices have dropped over 15%, but India's gold loan NBFCs remain stable due to strong collateral buffers. Fitch Ratings notes that a f...
- Gold loan interest rates: These banks offer best rates on gold loanMany banks offer gold loans with low interest rates. Before disbursing the loan, the lender validates the gold's weight and purity. Here is...
- Gold loan interest rates 2022: Top gold loan rates and comparisonTo meet a financial emergency requirement, an individual has various options. Some of these options include taking a loan or redeeming thei...
- Banks offering the cheapest gold loansA gold loan is a loan that is backed by gold. It is a secured loan in which the lending bank/NBFC takes gold items as collateral, such as g...
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