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Outlook on the gold loan sector in 2025

Falling interest rates will bring cheer to individuals, businesses as well as capital markets as their borrowing cost and interest burden will ease substantially. Credit availability will also increase due to which economic activity may gain strong momentum. Consequently. consumption (rural as well as urban) will start picking up. Thus, the much-awaited monetary easing is likely to stimulate credit growth and enhance credit availability. Certainly, an overall momentum in credit growth will support gold-backed lending

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Proper regulatory framework needed for organised gold lending to take off: Indel Money CEO

Even as the gold market booms and fintech penetration in the non-banking financial company (NBFC) sector increases, NBFCs face their fair share of challenges in terms of regulations and market turbulence.

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Akshaya Tritiya 2024: Planning To Buy Gold? Here Are Expert Insights You Must Consider Before Making Investment- Check Details

This year, Akshaya Tritiya falls on May 10, 2024. This marks the third day of the bright half of the Hindu month of Vaishakha.

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Proactively engaging with regulators, says Indel Money CEO; IPO likely in 2027

The CEO told that the company is closing this quarter (Q4FY24) at Rs 1600 crores of AUM with revenue around Rs 200 crores and profitability around Rs 50 crores. ‘We are confident of achieving this on account of continuing credit squeeze, high cost of retail credit and the record gold prices,’ he said. Mohanan also said the company is planning to go public by 2027.

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Indel Money gets licence for forex business

Can undertake conversion of foreign currency notes, travel money cards, and outward remittances

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Prevailing tight credit situation has been a major catalyst for gold loan growth: Umesh Mohanan, CEO, Indel Money

In an interview with ET, Umesh Mohanan, executive director & CEO of Indel Money, a non-banking finance company in the gold loan sector, talks about how the gold loan business is performing in Q2 of the current fiscal and the company’s plan to expand amongst intense competition in the gold loan sector.

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Gold loan held by women entrepreneurs

Gold loan is the safest and fastest way for women to get loans for personal reasons or business purposes.

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Gold loan digitalisation accelerates credit penetration with accessibility and disbursal agility

In a traditional Indian household, gold is treated with more of aesthetic value than a safe haven asset. But now, the scenario is slowly changing. Even in rural households, the precious metal has gained the status of a hybrid asset class that can be leveraged in a financial emergency. This shift in outlook has happened over a period of time. Consequently, the gold loan industry is also booming in tandem with the rising demand for gold monetization.

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Indel Money post Rs. 21 crore profit in Q1 of FY24

Gold loan lender Indel Money has registered Rs. 21 crore profit in Q1 of FY24, registering a 63 per cent growth compared to the previous quarter of the corresponding fiscal.

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Indel Money Q1 Results: Profit jumps 63% QoQ to Rs 21 crore

Gold loan non-banking finance company (NBFC) Indel Money has clocked a profit of Rs 21 crore in the first quarter of FY 24, which is quarter on quarter growth of 63%. Operational efficiency and overall resilience in gold demand have driven the NBFC’s performance in the Q1 of FY 24.

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