Tag: Gold loans

What do the new hallmarking  rules mean for you?

From 16 June, jewellers have been allowed to sell only hallmarked gold jewellery and artefacts. The government has planned a phase-wise implementation of mandatory hallmarking...

Gold loans with overdraft facility work just like a credit card

NEW DELHI: Gold loans with overdraft are typical “use-as-you-need” credit facilities. When you pledge gold, the lender will put money in your bank account. But...

federal bank: It has been a good year for Federal Bank given the challenges: Shyam Srinivasan

Our underlying principles remain the same – preserve and conserve capital and preserve the portfolio quality and keep provision coverage at 65% for our largely...

Things to keep in mind before taking gold loan

Gold loans can help one tide over a temporary cash crunch. You can get a loan quickly with minimum paperwork. The lender doesn’t check credit...

What does correction in the yellow metal mean for gold loan borrowers?

During the covid-19 pandemic, many borrowers resorted to gold loans to fund their cash requirements. The rise in prices of the yellow metal helped borrowers...

RBI gives a longer rope to households

The policy announcement from the Reserve Bank of India (RBI) usually has an indirect impact on individual households when the rates go up or down....

Muthoot Finance: Muthoot Finance to be a major beneficiary of rally in gold prices

ET Intelligence Group: Muthoot Finance, a Kerala headquartered large-cap gold finance company, remains a bright star in the nonbanking finance (NBFC) sector which has been...

How lenders are preparing for surge in gold loan demand

Lenders are renewing focus on gold loans expecting that there could be a higher demand for this product in the coming months as small businesses...