RBI revokes restrictions on IIFL Finance gold loan business

Sep 20, 2024, at 05:23 am

Mumbai: Non-bank lender IIFL Finance said on Thursday that the Reserve Bank of India (RBI) lifted the earlier restrictions imposed on its gold loan operations.

RBI asks NBFCs to disburse cash loans only up to Rs 20,000: Report

May 09, 2024, at 02:16 am

Mumbai: The Reserve Bank of India (RBI) cautioned non-bank finance companies (NBFC) on Wednesday, advising them against providing cash loans exceeding the permitted threshold of Rs 20,000 ($240), media reported.

Bank of Baroda opens 251 new Gold Loan Shoppes

Aug 18, 2023, at 05:07 pm

Mumbai: Bank of Baroda on Thursday announced the launch of 251 new Gold Loan Shoppes across the country.

IDBI Bank’s Gold Loan Book crosses Rs 10,000 cr mark

Jul 06, 2022, at 05:45 am

IDBI Bank’s Gold Loan Book has crossed the Rs 10,000 crore landmark.

SBI's gold loan portfolio crosses Rs 1 lakh cr for the first time

Jul 02, 2022, at 05:18 pm

State Bank of India's gold loan portfolio has swelled to over Rs 1 lakh crore for the first time, chairman Dinesh Khara said.

Muthoot Finance plans to expand Gold Loan@Home services

May 05, 2022, at 05:03 am

Gold loan company Muthoot Finance Ltd is planning to rapidly expand its offering of Gold Loan@Home from 100+ locations to across 5400+ pan-India branches.

9 Ways Gold Loan is The Best Bet for Your Financial Requirements

Apr 08, 2021, at 04:35 pm

For decades, people in India have been investing in Gold as a trusted investment instrument. Whether in coins, jewellery, or other forms, the Gold is the most liquid asset instrument you can support. You can find gold buyers anywhere. When you need to raise capital, you can quickly sell it off. However, if you do not wish to sell your Gold, there is a way to procure funds.