Muthoot Finance has raised its asset under management (AUM) growth guidance for FY25 to 40%, significantly higher than its earlier projection of 25-30%. The company has already recorded 38% AUM growth and expects to close the year at 40%, George Alexander Muthoot, Managing Director of Muthoot Finance, said while speaking to CNBC-TV18. The gold loan […]
Gold loan demand surges 71%: Key factors and future outlook – CNBC TV18
The gold loan market in India has witnessed a 71% year-on-year surge, driven by multiple economic and financial factors. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 Index Fund +38.59% Invest Now Equity: Large […]
High gold prices augers well for gold lenders, but Q3 shows contrasting results for these two firms – CNBC TV18
Gold prices have surged to an all-time high, benefiting gold loan financiers as economic pressures push more people to pledge their gold for liquidity. Company Value Change %Change In financial terms, gold lenders act as the “lender of last resort.” However, Q3FY25 has brought contrasting outcomes for two major players in the gold financing space—Muthoot […]
Why are gold-related stocks down today – CNBC TV18
Gold-related stocks fell sharply on Friday, February 14, amid rising global gold prices. Kalyan Jewellers, Muthoot Finance, and Senco Gold witnessed significant declines. Company Value Change %Change The broader sentiment was impacted by rising gold prices, driven by US President Donald Trump’s fresh tariffs on steel and aluminium. Senco Gold tumbled 20% to an intraday […]
Gold loans surge 56% in 2024: Key factors behind the growth and future outlook – CNBC TV18
Gold loans recorded a 56% year-on-year growth in 2024, outpacing the 18% increase seen in home loans, according to a Bankbazaar report. This growth marks the fastest expansion among all retail lending categories and reflects a shift in borrowing preferences. Company Value Change %Change Factors behind the rise of gold loans Shift toward collateral-backed lending […]
Gold loans surge in popularity: Key trends and growth drivers – CNBC TV18
Gold loans are becoming a preferred credit choice in India. The organised gold loan market is set to exceed ₹10 lakh crore in the current financial year. Expectations are that it will surpass ₹15 lakh crore by 2027, according to rating agency ICRA. The sector is experiencing growth, with gold loan disbursals soaring by 51% […]
Should you opt for small loans during this festive season? – CNBC TV18
As Dhanteras kicks off the festive season, many are tempted to take small loans to cover the extra expenses of celebrations. Financial institutions offer attractive, time-sensitive deals that may make it hard to resist. But is taking on debt for festivals a good idea? Here’s what experts say about the advantages and risks of festive […]
How to avail gold loans at 0.99% interest with zero processing fees – CNBC TV18
IIFL Finance, a leading non-banking financial company (NBFC), is offering gold loans at an interest rate of 0.99% per month. Customers can benefit from zero processing fees on loans taken until October 19, under its “Gold Loan Mela.” The company said it offers competitive loan-to-value (LTV) ratios and digital payment options. Manish Mayank, Zonal Head […]
Google partners with Aditya Birla Finance and Muthoot Finance to offer personal and gold loans – CNBC TV18
Google has announced new partnerships to enhance its financial services on Google Pay. The tech giant has teamed up with Aditya Birla Finance to offer personal loans and with Muthoot Finance to provide gold-backed loans. What are gold and personal loans? Gold loans allow borrowers to use their gold jewelry or coins as collateral to […]
Gold loan market set to reach ₹15 lakh crore by March 2027: ICRA – CNBC TV18
Gold loans in India are on track for significant growth. According to ICRA, a rating agency, the organised gold loan market will surpass ₹10 lakh crore this financial year and reach ₹15 lakh crore by March 2027. Retail gold loans from non-banking financial companies (NBFCs) are projected to grow by 17-19% in FY2025. While yield […]