-
RBI cracks vigilant whip
The first alert about risky practices in the domain of gold loans came after RBI found out that IIFL Finance was for violating norms
-
Gold loans: RBI flags possible overvaluation by field agents
The primary concern of the RBI lies with the evaluation process by the banks and fintechs, especially for gold sourced through field agents of compani
-
IIFL banned from giving fresh gold loans
The move on IIFL came after RBI inspected the financial position of the company as on March 31, 2023
-
RBI fines Axis, Mannapuram for flouting rules
The fine has been imposed for non-compliance with certain directions issued by the RBI on KYC, 'Loans and Advances – Statutory and Other Restriction
-
Punjab National Bank slashes rates on gold loans and bonds
PNB is also offering a complete waiver of service charges and processing fee on loans against gold jewellery and SGB
-
Gold loan demand has picked up in Q2: Report
According to Crisil Ratings, demand for gold loans from micro-businesses and individuals to fund working capital and personal needs has surged.
-
Gold loan: All you need to know about repayment options
Amid the Covid-19 pandemic, demand for gold loans zoomed as households increased pledging of their gold holdings, mostly jewellery.
-
How fluctuations in gold prices impact gold loans?
While lenders tend to give a gold loan up to 75% of the total metal value, it can inch as high as 80-85% in case of falling prices.
-
Gold loans: These banks are offering the lowest interest rates
Gold loans: State Bank of India and Indian Bank are currently offering gold loans at an interest rate of 7.50% per annum.
-
Gold loans: Covid-19 set to trigger at least 15-20% growth
Gold loans: NPA and gold price fluctuations are two major obstacles in the growth trajectory, feel experts.
