Pune (Maharashtra) [India], October 5: Gold has always been a haven both for investors and borrowers. Even in recent times, gold loans are becoming increasingly popular for those seeking quick financial assistance. They allow borrowers to leverage their gold jewellery to secure funds without
RBI has found irregular practices in the grant of loans against pledges of gold ornaments and jewelry by some entities. It has thus advised all "supervised entities" to comprehensively review their policies, processes, and practices on gold loans to identify gaps.
New Delhi [India], September 26: Dugar Finance & Investments Ltd, established in 1987, is a RBI registered NBFC and the flagship company of the 1,500 cr in revenue Chennai-based Dugar Group. It is one of the largest family-owned NBFC in the country. Dugar Finance a leading vehicle financ
Mumbai (Maharashtra) [India], September 23: Gold is one of the most valuable assets in India, cherished not only for its cultural significance and use on auspicious occasions but also as a reliable means for securing loans. Therefore, selecting the right gold loan provider is essential to en
Pune (Maharashtra) [India], September 23: In times of financial emergencies or when immediate funds are required, individuals often find themselves searching for convenient and reliable sources of financing. A gold loan emerges as an ideal solution, providing quick access to funds against th
Pune (Maharashtra) [India], September 13: With Onam around the corner, many people are gearing up for celebrations and planning how to make the most of the festive season. Amid the excitement of buying gifts, preparing special meals, and decorating homes, managing finances can sometimes prov
Pune (Maharashtra) [India], September 6: Ganesh Chaturthi is a joyous occasion marked by celebration, devotion, and togetherness. As families across India gather for the festivities, managing both planned and unexpected expenses can be tough. A gold loan offers a quick solution, providing fu
New Delhi [India], August 30: KLM Axiva Finvest has launched its latest promotional campaign, featuring actress Nayanthara as the brand ambassador. The campaign focuses on enhancing the company's digital presence, with the KLM Gold Loan app at its core, offering round-the-clock access to fin
Over the past decade, the organized gold loan market has seen steady growth, with the total assets under management (AUM) rising by 12 per cent annually to reach approximately Rs 6.2 trillion as of March 2023.
The gold loan market in India is on the cusp of substantial growth, driven by rising per-gram gold rates and increasing customer demand. Currently, the market is predominantly controlled by the unorganized sector, which holds a 63 per cent share, while organized players, including banks and
New Delhi [India], August 5: Today, Manappuram Finance stands as a leading NBFC with an Asset Under Management (AUM) of Rs42,070 crore, serving an extensive customer base across India. The company offers a variety of financial products, including personal loans, business loans, and vehicle l
IIFL Finance, which caught the eyes of the Reserve Bank of India (RBI) for the significant irregularities in its gold loan portfolio, said it has taken necessary measures to address the identified concerns and prevent their recurrence.