comparemela.com

Latest Breaking News On - Gold loan companies - Page 1 : comparemela.com

Unveiling the shadowy side of surging gold loans: Will the RBI move to protect customers?

There has been a sharp rise in gold loans in recent years. But there is a seedier side to this, as is evident from the red flag the RBI raised recently. Will the regulator s move protect customers?

Andhra pradeshRajesh shetVivek joshiMuthoot fincorpSanjay doshiSumit sharmaGeorge jacob muthootShaktikanta dasShripad jadhavPaytm payments bankDepartment of financial servicesKotak mahindra bankGold loans at kotak mahindra bankAdvisory head for financial servicesAssociation of gold loan companiesGold loan companies

Special audit begins at IIFL Finance after RBI restricted gold loan sanction

The measure is part of RBI’s supervisory action over concerns around certain loan disbursement practices. IIFL Finance said it is extending full cooperation to the special audit team.

Union territoriesReserve bankIifl financeGold loan companies

Gold loan companies request RBI to probe banks violating loan-to-value norms

Gold loan companies request RBI to probe banks violating loan-to-value norms
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

George alexander muthootAnalytics mia researchAssociation of gold loan companiesGold loan companiesReserve bankManaging director

Need for cold cash: Gold loans surge ahead of festive season; rising gold prices & lower interest rates add to charm

India Business News: Gold loan companies are experiencing a surge in demand from semiurban and rural areas as the festive season approaches. The recent increase in gold pr

Umesh mohananMuthoot fincorpThomas john muthootRohan junejaWest asiaJohn muthootManaging directorExecutive directorIndel moneyGold loan interest rateReserve bankBuying tipsSovereign gold bonds vsFederal bankTru cap financeBusiness news

Rush for gold cash amid need for cold cash

Data from the Reserve Bank of India (RBI) show outstanding gold loans at Rs 95,476 crore as on July 28, up 23.1% from a year earlier, a sharp acceleration from the single-digit growth in the preceding 12 months. Earlier this month, RBI doubled the limit on gold loans under the bullet repayment scheme — from Rs 2 lakh to Rs 4 lakh — for urban cooperative banks, subject to conditions. Central bank data show India owns more than 27,000 tonnes or 14% of the worlds gold, of which around 5,300 tonnes is pledged.

West bengalThomas john muthootRohan junejaUmesh mohananMuthoot fincorpWest asiaReserve bankTru cap financeGold cashGold loan companiesFederal bank

vimarsana © 2020. All Rights Reserved.