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GOLD LOAN DELINQUENCY
Jefferies initiates coverage on Poonawalla Fincorp with Buy rating. Why are analysts bullish?Jefferies has initiated coverage on Poonawalla Fincorp with a Buy rating and a target price of Rs 490. The brokerage sees strong growth pot...- Top gold loan companies expand bullion holdings to record levels in FY26India's top gold loan firms, Muthoot Finance, Manappuram Finance, and IIFL Finance, collectively hold a record 334 tonnes of gold. This amo...
- Gold loans rise 50% to Rs 19 lakh crore in FY26Gold jewellery loans have seen a massive 50 percent jump year-on-year, reaching ₹19 lakh crore. This makes it the fastest growing retail lo...
- Over-leveraged borrowers put Rs 15,800 crore microfinance portfolio at riskMicrofinance has become a double-edged sword, with substantial debt levels amassing to about ₹15,800 crore among borrowers juggling multipl...
- 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 delinquency rates send red signalBorrowers with more than ₹2.5 lakh outstanding showed a delinquency rate of 1.5% at the end of December, about 2.2x higher than those with ...
- Gold Loan: Borrowers with big exposure more prone to default, says TransUnion Cibil reportIndia’s gold loan market is seeing rising stress as borrowers take larger and multiple loans, pushing up delinquency rates and credit risk,...
- NBFCs doing well, but Iran war, margins cloud road aheadNon-banking finance companies anticipate strong growth in the upcoming quarter. However, rising funding costs may limit profit margins. Ana...
- 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...
- Risk off! Banks opting to lend to prime customersBanks are now favouring borrowers with top credit scores. This shift reflects caution in lending. New customers are also getting fewer loan...
- Lenders turn risk-averse, focus on high CIBIL score borrowers as gold loans surge in IndiaLenders are prioritizing borrowers with strong credit histories and higher loan amounts, leading to a decline in new-to-credit customers. D...
- NBFCs face rising delinquencies even as growth momentum stays intactIndia’s NBFC sector continues to grow rapidly, outpacing banks, but Moody’s warns of rising delinquencies in vehicle loans, microfinance, s...
- Why high gold prices are making both banks and borrowers smileRising gold prices are helping small businesses and reducing loan defaults. Lenders like Muthoot Finance and Manappuram Finance are auction...
- Gold loan securitisation volume stands at Rs 4,400 cr in H1 FY22: Report"Gold loan securitisation volumes were about Rs 4,400 crore in H1 FY2022 (similar to volumes seen in H1 FY2021) forming 10 per cent of the ...
- Gold loan business may slow due to financial stress, lower loan-to-value ruleRBI data showed that at the end of FY21, total value of gold loans outstanding was nearly Rs 60,500 crore - up 82% on the year. In FY22, th...
- Why delinquencies for unsecured loans may go up regardless of asset classesGold loan and home loan NBFCs will be least impacted whereas unsecured loans, MSME loans and wholesale loans will be more impacted given th...
- Gold loan NBFCs to witness 15-18% growth in FY21: CrisilGold loans would be preferred also because NBFCs and banks have tightened their underwriting norms for other loans, leading to cautious len...
- Small rise in home loan default in 2 yrsA report by TransUnion Cibil (TUCIBIL) has shown that the overall delinquency rates in retail have been stable while variation in delinquen...
- Delinquency in retail loans stabilising: EquifaxDelinquency rate of loans that are delinquent beyond 90 days stood at 2.16% as of Q4 of calendar year -16, a 0.06% decrease from Q3 of 2016
- Loan portfolio up by 6.5% in the first quarter of 2016: Equifax reportThe loan portfolio has grown by 6.5%, with secured mortgage, auto and gold loans leading the pack, says the second edition of Equifax's Ind...
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