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..
Read MoreIndices 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.
Read MoreDiwali 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.
Read MoreIndel Money raises Rs 50 crore via market-linked debentures
Indel Money, the flagship company of Indel Corporation and gold loan non-banking finance company has raised Rs 50 crore via first tranche of its principal-protected market-linked debentures (MLDs). Issued on August 30, 2022, through Yubi (formerly CredAvenue), a fintech debt marketplace, the MLDs offer a fixed coupon rate and come with the tenors of 16 and 18 months.
Indel Money plans to raise additional ₹250 crore by issuing the second tranche of the MLDs in Q3FY23 – more
RBI monetary policy: Here’s how a 4th rate hike will impact gold loans
RBI is set to announce bi-monthly monetary policy outcomes on September 30. Expectations of a fourth rate hike have taken rounds in the range of 35-50 basis points.
Read MoreIndel money enters the personal loan industry
Read MoreIndel Money launches digital personal loan on mobile app, e-portal
Indel Money Limited, the gold loan NBFC, has launched on its mobile app and e-portal a digital personal loan. Initially offered for its existing customers, the service will be completely digitized with faster loan disbursement experience.
Read MoreIndel Money looks at Rs 15 cr monthly disbursements for next six months via digital personal loan: Umesh Mohanan
Indel Money is targeting approximately Rs 15 crore monthly for the next six months,” Mohanan said.
Read MorePersonal loan: Indel Money forays into personal loan segment & More Loans News
Indel Money, a non-banking finance company specialising in gold loans, has entered the personal loan segment.
Initially, the facility will be available to its existing gold loan customers, the company said. It will later be expanded to a broader segment.
