Indians are increasingly turning to secured loans like gold loans and loans against securities (LAS) for their financial ...

The lender in the January-March quarter of financial year 2023-24 reported a 10 percent year-on-year (YoY) drop in net profit. The traditional gold loan lender is looking to increase its non-gold ...

The year-on-year growth in loan against gold jewellery of banks has declined to 15% in February from 26% in June 2023, according to the Reserve Bank of India data. (PTI) The sharp growth seen in ...

During April-June 2023, the increase was 10%. This increase is despite stiff competition from banks in the segment. According ...

When the regulator looked into the company’s finances as on March 31, 2023, it found several lapses, like how the company checked the purity and weight of gold when giving out loans and during ...

The market leader in gold loans is Muthoot Finance with an AUM of Rs 66,089 crore, as of September 2023. Kumar said, "the company has about 18.6 lakh customers and over 70 per cent of our ...