Gold Loan

Budget 2019: Levy lower tax rates on cashless transactions to encourage more people to use digital payment mode

While important steps have been taken to ensure NBFC funding is not affected, a lot more needs to be done to ensure NBFCs get back into the growth mode.

Sovereign gold bond scheme opens from 15 October; to run up to 5 tranches till February: RBI

Sovereign Gold Bonds will be issued every month from October 2018 to February 2019 as per the calendar specified,

Gold loan market to grow to over Rs 3 lakh cr, average annual demand will touch 950 tonne by 2020: KPMG

KPMG report says gold loan companies are expected to continue delinking gold price volatility risk by offering more variants of lower tenure loan products

Govt gold schemes fail to attract people, few aware of them, finds study

The findings of the study has revealed that out of total 1,000 respondents, only five persons were aware about government's gold schemes, such as Gold Monetisation Scheme, Sovereign Gold Bond Scheme and Gold Coin Scheme.

CCI rejects Muthoot Mercantile's cartelisation charge against 12 banks

Now get up to 75% of gold value as loan as RBI hikes NBFCs limit

People seeking loan against gold jewellery can now borrow more, as the Reserve Bank today allowed NBFCs to lend up to 75 per cent of the value of metal from 60 per cent at present.

Three things to do when your lender demands prepayment on gold loan

RBI tightens norms for lending against gold, Muthoot tanks 7%

Muthoot Finance profit drops 21% on loan growth stagnation

Gold loan firms flock to securitisation market, says Crisil

Ratings agency Crisil today said there is an uptick in debt securitisation by gold-loan companies in the market, which has stabilised after the initial shocks after the new norms were introduced by the central bank in May.