Gold mortgage targeted non-banking finance firm (NBFC) Muthoot Fincorp expects to report 30-32 per cent progress in its belongings underneath administration (AUM) throughout the present monetary yr, CEO Shaji Varghese, instructed businessline. “Our progress momentum is nice as we have now created capacities for that. Conventionally, gold loans have been solely achieved through the walk-in … Read more
The Reserve Financial institution of India on September 19 allowed non-banking finance firm (NBFC) IIFL Finance to supply gold loans after barring it from the identical in March this yr on account of critical violation of norms. “We want to inform you that the RBI, by its communication dated September 19, 2024, has lifted the … Read more
MUMBAI Gold mortgage NBFCs mentioned that the influence from the RBI directive to NBFCs to cap money mortgage disbursements at ₹20,000 goes to minimal asthe bulk of their enterprise is already digital. “Our extremely common product ‘On-line Gold Mortgage,’ which kinds 50 per cent of our gold mortgage guide, follows a totally paperless means of … Read more
Fairfax India Holdings Company, backed by Prem Watsa and a longstanding investor in IIFL Finance Restricted, has introduced its dedication to supply liquidity assist amidst the latest Reserve Financial institution of India (RBI) embargo, efficient March 5, 2024, on the corporate’s gold mortgage disbursements. “The RBI’s embargo has raised liquidity issues amongst the corporate’s traders … Read more