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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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Gold loan NBFC Indel Money looks to strengthen presence in western, central India

Gold loan non-banking finance company (NBFC) Indel Money has taken the decision to strengthen its presence in western and central India as a part of its national expansion plan.

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Gold loan NBFCs maintain strong growth momentum in high-interest rate scenario

The first week of May has witnessed the world’s two biggest central banks – the US Fed and the ECB — raising policy rates in a series, dashing hopes of a pause in the rate hike cycle. In all major economies, there is no let up in the monetary tightening, except in China and Japan.

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Indel Money to raise Rs 100 cr via NCDs

The NCD issue of face value of Rs 1,000 each will open on June 6 and close on June 19, the lender said in a release.

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ഇന്‍ഡെല്‍മണി 50 കോടിയുടെ കടപ്പത്രം ഇറക്കുന്നു

ജൂണ്‍ ആറു മുതലാണ് വിതരണം തുടങ്ങുക. ജൂണ്‍ 19 ന് അവസാനിക്കും. ഇതിനിടെ പൂര്‍ണ്ണമായി വില്‍പന നടന്നാല്‍ നിശ്ചിത സമയത്തിനു മുമ്പു തന്നെ വിതരണം…

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Inclusive credit access led by NBFC will facilitate effective growth reboot in small business segments

There is no denying that credit is the undisputed growth enabler for the small businesses looking for working capital and growth capital at every stage of the business cycle.

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What measures to expect in gold loans from FM in Budget 2023?

NBFCs believe this Budget to announce measures that could restore priority sector status to eligible gold loans, including microloans, loans to farmers, and microbusinesses.

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RBI to slow repo rate hike to 25-35 bps as inflation cools, slowdown fears loom; growth on MPC radar

All eyes are on the Reserve Bank of India’s Monetary Policy Committee (MPC) as it began its bi-monthly policy review session on Monday, 5 December. Analysts expect that the RBI MPC is set to announce further repo rate hikes..

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Indices ended in red as Sensex and Nifty shed 200 and 60 points, respectively

Indian indices after all did not remain immune to negative global cues on Tuesday and ended in the red zone. Investors keenly wait for a policy clue from the ongoing MPC meeting and how RBI plans to shape its future policy.

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Diwali 2022 – Golden shimmer this season as ‘Digital Gold’ gains popularity

The festive season has always heralded a demand for gold and in this season industry is observing a highly positive consumer interest towards the precious metal.

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