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Rupeek: Manipal's Ranjan Pai, Axis see gold in Rupeek

Claypond Capital, Axis Bank, and new investors plan to invest in Rupeek at a reduced valuation. Investment details are being finalized, with existing investors also considering selling shares. Rupeek previously raised funds from 360 One at a significant discount. ....

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RBI scanner on gold loan startups; setback for lending firms

Happy Wednesday! After the central bank s action on IIFL Finance, concerns have been raised over gold loan evaluation by fintechs and their partner banks. This and more in todays ETtech Morning Dispatch. ....

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gold loan disbursals: RBI cautions banks on gold loan disbursals through fintech startups

RBI cautions banks on gold loan disbursement concerns through fintechs like Rupeek, IndiaGold, and Oro Money. Banks evaluating next steps post IIFL Finance issue. Asset quality improved at Rupeek, with partnerships with Federal Bank, Indian Bank, and South Indian Bank. ....

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