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Indel Money registers 127% rise in Q2 profitability - The Hindu BusinessLine

Indel Money registers 127% rise in Q2 profitability - The Hindu BusinessLine
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.

Umesh Mohanan , Indel Money , Executive Director ,

Indel Money news: Indel Money's net profit rises 127% in Q2FY24, revenue up 61%

Gold loan non-banking finance company Indel Money has witnessed a rise of 127.21% in its net profit in the second quarter of FY24 to 18.91 crore from Rs 8.32 crore in the corresponding period of FY23. The revenue for the quarter rose by 61.09% to Rs. 77.03 crore as compared to the same period in the previous year. ....

Umesh Mohanan , Indel Money , Executive Director , Non Convertible Debentures , Indel Money News , Gold Loan ,

'We will tailor our gold loans to suit regional needs, sensibilities'

'We will tailor our gold loans to suit regional needs, sensibilities'
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.

Madhya Pradesh , Umesh Mohanan , Indel Money , Executive Director , West Bengal ,

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 Bengal , Thomas John Muthoot , Rohan Juneja , Umesh Mohanan , Muthoot Fincorp , West Asia , Reserve Bank , Tru Cap Finance , Gold Cash , Gold Loan Companies , Federal Bank ,