Page 6 - Gold Loans

RBI notification excluding NBFCs from gold loan rule will hurt poor women

Central bank's decision to the raise the loan-to-value ratio is welcome relief for formal banking, but it does not address the issues faced by the most badly affected segments of our economy.

Gold loans: Govt focus right on getting more liquidity to the people

True that the lender would now have a smaller buffer in case of a fall in the value of gold kept as collateral. But that's a calculated risk

RBI monetary policy: Gold Loan firms seek parity with banks on LTV

The RBI increased from 75 per cent to 90 per cent the permissible loan-to-value ratio (LTV) for banks to give loans against pledge of gold ornaments and jewellery for non-agricultural purposes

Manappuram Finance posts 38% jump in Q1 net profit at Rs 368 crore

The non-banking finance company (NBFC) had registered a net profit of Rs 266.78 crore in the same period of the previous fiscal year

Federal Bank focuses on gold loans amid Covid-19 to drive credit demand

The bank is targeting gold loan growth to touch 35 per cent during FY21 as against 29 per cent in FY20

We'd like to be seen as a full service new-age private bank: CSB Bank chief

In a Q&A, C V R Rajendran, MD & CEO, CSB Bank Ltd, dwells on how the lender turned around in FY20, after several years of losses

Planning to take a gold loan? Here're rates, charges offered by banks

The disbursal is quick and interest rate is reasonable

Tips to get loans and tide over a cash crisis in these difficult times

You are more likely to get one from a bank with which you already have a relationship

Covid-19: Gold loan providers to resume operations of 90% of their branches

These companies are prepared to lend more to customers as the price of gold mortgaged by them has gone up sharply, making them eligible for larger loans

Muthoot Fin: Gold financiers take hard knock; stay put for now, say experts

Given the uncertainties in the market, analysts suggest incumbent investors should stay put in the stock, even as new investors may buy on further dip.

Loans sanctioned by NBFC sector drops 34% in Q2, personal loans see uptick

Housing, commercial vehicle and term loans fall 23-85% in the September quarter; gold loan reports growth

As credit crunch bites, Indians pawn off family gold for quick funds

The trend, which has prompted some lenders to impose restrictions as risks and borrowing costs rise, has been accelerated by record gold prices

Planning to avail gold loan? Keep an eye on interest rate, processing fee

Ideally, you should take this loan from a bank or an NBFC, and not from a player in the informal sector, who could fleece you

Need to take an emergency loan? Gold loan is a better option than personal

Here are the rates and charges offered by key banks and NBFCs on gold loans

Manage your temporary cash crunch with gold loans: All you need to know

NBFCs charge higher interest rates than banks, but offer faster disbursement with minimum paperwork

Profitability of gold finance companies improves, says Crisil

Companies reach peak levels after fall witnessed since regulatory tightening in 2012

NBFCs, banks focus on shorter tenure gold loans to boost margins

A research report by India Infoline adds that the shift to shorter tenure products will help in ensuring a robust asset quality as the interest loss arising is limited