In response to potential US tariffs on gold imports, Indian banks may double interest rates on gold metal loans for jewellery firms. This could significantly impact jewellers’ cash flow management and pricing strategies as they navigate rising lease rates.
3 min read29 Jan 2025You can get up to 75% of the value of your gold as a loan, but the higher this number, the higher your interest rate.
3 min read7 Jan 2025Gold auctions have risen in recent times. Is this a sign of distress? Only partly. These are more likely the result of lenders sprucing up their gold-loan portfolios after RBI frowned upon risky lending practices earlier this year.
3 min read25 Dec 2024Gold loan NBFCs are auctioning collateral due to rising non-performing assets and RBI’s new regulations. Muthoot Finance and Manappuram Finance reported substantial auction values in Q2 FY25.
6 min read23 Dec 2024RBI had already requested banks and non-bank financiers to strengthen their underwriting standards and to step up their collection efforts so that the stress does not translate into bad loans.
3 min read6 Dec 2024Loans against gold jewellery grew at a staggering 51% in September, as against 15% in March, showed data from August. In contrast, personal loans grew at 11.4% in September, the slowest in almost four years as banks went slow after RBI raised risk weights on unsecured loans.
4 min read11 Nov 2024Outstanding gold loans at banks grew 41% year-on-year in August to ₹1.4 trillion. But analysts say a secured asset class like bullion still presents fewer risks than what was seen in personal loans.
4 min read2 Oct 2024The deficiencies were observed during a recent review of lenders’ adherence to prudential guidelines as well as practices with regard to gold loans
4 min read30 Sep 2024HSBC upgraded IIFL Finance to ‘hold’ after RBI lifted restrictions on its gold loan business, raising the target price to ₹540. Despite a 65%-70% stock rally since March 2024, HSBC notes challenges in raising fresh debt funds could affect near-term returns.
3 min read25 Sep 2024Rising gold prices have boosted loan-to-value for gold, with borrowers now able to get more money using gold as collateral. Here’s how
3 min read7 Jun 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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