September 03, 2021 10:36 am
Within retail loans, the gold loan outstanding soared by 77.4 per cent, or Rs 27,223 crore, to Rs 62,412 crore by July 2021 on a year-on-year basis. SBI, the largest bank, reported a 338.76 per cent growth in gold loans as of June 2021.
July 01, 2021 8:43 am
Gold loan outstanding with banks rose by Rs 15,686 crore to Rs 62,101 crore as of May 2021 from Rs 46,415 crore in May 2020, according to the latest RBI data.
June 04, 2015 1:56 am
Sources said finance ministry is in talks with the RBI to finalise modalities of the scheme under which banks would also be permitted to deposit the gold as part of their CRR and SLR requirements.
May 20, 2015 6:23 am
Individuals can now earn interest from a minimum deposit of 30 grams.
October 28, 2013 2:26 pm
Manappuram Finance,Muthoot Finance shares jumped on positive news emanating from RBI over gold loans.
September 01, 2013 2:17 pm
With a view to curb appetite for gold,banks are sanctioning advances,including personal loans,only if borrowers agree not to use the proceeds to buy the metal beyond permitted levels.
July 14, 2013 5:18 pm
we are better suited than many other applicants in this regard: George Alexander Muthoot
May 06, 2013 2:51 pm
Muthoot Capital says will extend 100% loans to customers by taking gold as margin money.
April 28, 2013 2:48 pm
The Kerala-headquartered bank's gold loan portfolio stood at over Rs 6,300 crore as of March 31,2013.
March 20, 2013 12:47 pm
The fall was more sharp at the NSE,where the stock nosedived 14.25 per cent to Rs 23.75.