The fraud was allegedly carried out under the cover of an establishment functioning at a building near the Thalassery General Hospital. The arrested man, identified as Mohammed Shibil C. (39), of Thottummel, Vadakumbad, was one of the firm's owners and the fourth accused in the case.
New Delhi [India], December 30: Urgent cash crunch hitting hard--medical bills, wedding expenses, or business hiccups? Gold loans deliver fast relief by turning your jewelry into liquid funds without selling it. Daily gold rates are the game-changer, directly boosting your gold loan eligibil
It was highlighted at the conference that over 60% of new retail loan originations now come from semi-urban and rural regions, where gold remains a culturally accepted and liquid form of collateral.
India's banking and financial services sector is entering a phase of steady but selective growth, with lenders increasingly prioritising asset quality, profitability and risk calibration over aggressive expansion, according to discussions at Antique Stock Broking's 3rd Annual BFSI Confere
While gold loans still account for a relatively small share of total non-food credit, their proportion has nearly doubled over the past year, indicating a rapid change in borrowing preferences, it said.
Mumbai (Maharashtra) [India], December 18: Credit Rating agency Standard and Poor's (S&P) Global Ratings has revised IIFL Finance's Outlook to 'Positive' from 'Stable' on recovering market share in gold loans, while affirming 'B+/B' ratings. S&P also affirmed its 'B+' long-term foreign curre
The growth, it said, is supported by heightened demand for gold loans, auto loans, and a resurgence in personal loans and credit cards. PSU banks further consolidated their leadership across several major loan categories.
The unsecured MSME business loans, which comprise nearly 6% of NBFC AUM, have seen an increase in delinquencies amidst higher borrower leverage and adjacencies with the microfinance customer segment, Crisil Ratings said.
Mumbai (Maharashtra) [India], October 17: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA)in India, announced its Unaudited Financial Results for Q2 FY26 & H1 FY26.
The organised gold loan market in India is projected to reach the Rs 15 trillion mark by March 2026, a year ahead of earlier expectations, according to credit rating agency ICRA. The surge is attributed primarily to the sustained uptrend in gold prices, which have scaled record highs in rece
New Delhi [India], October 7: When you pledge gold for a loan, you are not only parting with ornaments. You are placing trust in a lender with something that carries both emotional and financial value. In return, you expect fairness. And fairness is often reflected in one number: the gold lo
Pune (Maharashtra) [India], August 14: Gold has always held a special place in Indian homes, treasured for both its beauty and its lasting value. Beyond its cultural significance, gold jewellery has been a trusted financial backup for generations, helping families in times of need. Now, with