Budget 2024: Gold loan NBFCs need 'Priority Sector' status: Muthoot Finance MD
Granting priority sector status to gold loan NBFCs will drive financial inclusion for small borrowers.
muthoot finance
July 2024
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December 2021
Uday Kotak Richest in BFSI
Uday Kotak’s Kotak Mahindra Bank stake makes him the richest in the BFSI category
Conservative banker Uday Kotak richest in BFSI
The biggest proxy for India's growth story is the banking and financial services and it comes as no surprise that the most conservative banker Uday Kotak of Kotak Mahindra Bank tops the list.
Muthoot Finance Q4 profit falls 4% to ₹960 cr; gold loan assets up 11%
The company’s income dips 5% to ₹2,678.37 crore in the said quarter; standalone profit for FY22 rose 6% to ₹3,954 cr.
Rise of gold loan auctions ominous! Household finances in deep distress
Gold loan companies are auctioning the pledged gold more and more, indicating dire financial conditions of households and small businesses, despite GDP growth.
Predictions 2022: Opportunity for gold secured credit cards, gold wallets
Building trust and improving awareness among consumers, together with innovation, can play a role in enhancing the image of India’s gold industry
Muthoot banks on economy bounce-back; to get back into home, vehicle loans
Muthoot Finance generally caters to small businessmen, shopkeepers, small traders, among others, and expects demand from them as the economy picks up.
