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Monday, October 25, 2021

Gold loan


In a sign of distress, gold loans soar 77% in 12 months up to July

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.

Cash crunch amid pandemic, people turn to gold loans

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.

FinMin finalising gold monetisation scheme

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.

Gold monetisation scheme: Tax exemptions proposed

May 20, 2015 6:23 am

Individuals can now earn interest from a minimum deposit of 30 grams.

Gold finance firms Manappuram Finance,Muthoot Finance shares surge

October 28, 2013 2:26 pm

Manappuram Finance,Muthoot Finance shares jumped on positive news emanating from RBI over gold loans.

Banks ban loans for borrowers if gold on mind

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.

Muthoot Finance may turn 2000 gold-loan outlets into bank branches

July 14, 2013 5:18 pm

we are better suited than many other applicants in this regard: George Alexander Muthoot

Muthoot Capital Services net profit up 40%

May 06, 2013 2:51 pm

Muthoot Capital says will extend 100% loans to customers by taking gold as margin money.

Federal Bank aims 18% growth in gold loans in FY14

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.

Manappuram Finance shares tanks over 14% on low profit concerns

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.