Mumbai, April 18 (IANS) India’s largest lender HDFC Bank on Saturday reported an 8.04 per cent rise in its consolidated net profit to Rs 20,350.76 crore for the January–March quarter (Q4 FY26), compared to Rs 18,834.88 crore in the year-ago period.The bank’s interest income stood at Rs 87,182.50 crore during the quarter, marginally higher than Rs 87,066.94 crore in Q3 and Rs 86,779.34 crore a year ago.On a standalone basis, net interest income (NII) rose to Rs 33,082 crore, a 3.2 per cent in…
Latest Gold Loans News & Updates
Mumbai, April 9 (IANS) The Reserve Bank of India’s continued focus on boosting economic growth, along with its proposed regulatory changes for non-banking financial companies (NBFCs), is expected to bring greater strength and clarity to the sector, Rajesh Sharma, Managing Director of Capri Global Capital Limited said on Thursday.In an interaction with IANS, Sharma said that the RBI’s regulatory frameworks have historically brought transparency and stability, and the proposed changes for NBFC…
New Delhi, March 31 (IANS) Gold loans have emerged as the leading segment in India’s retail credit market, accounting for loan volumes at 36 per cent and around 40 per cent by value, driven by rising gold prices and increasing consumer preference for secured borrowing, a report said on Tuesday.The report by TransUnion CIBIL showed that the surge has been supported by a sharp increase in ticket sizes, with the average gold loan amount rising significantly over the past two years to around Rs 1….
New Delhi, March 19 (IANS) Indian households are sitting on an enormous reserve of gold, and that wealth is now quietly reshaping the country’s lending market, a report has said.According to a report by Morgan Stanley, Indian households collectively own more than 34,000 tonnes of gold.Kotak Mahindra Bank estimates this stockpile to be worth nearly $5 trillion. While most of this gold — around 90 per cent — still lies idle, it is increasingly being used as collateral to raise quick loans.Gold…
New Delhi, Feb 26 (IANS) India’s lending industry’s assets under management stood at Rs 130 lakh crore as of December 2025, reflecting a strong 17 per cent year‑on‑year growth, a report said on Thursday.The report from data and technology company Experian said credit sourcing of new loans in Q3 FY26 grew 36 per cent YoY compared to 7 per cent a year earlier, driven by sustained demand from consumers and businesses, the report further said.The report highlighted strong growth in lending activ…
New Delhi, Feb 24 (IANS) India’s retail lending portfolio grew to Rs 162.7 lakh crore in Q3 FY26, up 18.1 per cent year‑on‑year, with 690 million active loan accounts and improved asset quality, a report said on Tuesday.The report from Credit bureau CRIF High Mark said Portfolio at Risk (PAR) with repayments overdue by 31 to 180 days declined to 3.1 per cent from 3.6 per cent a year earlier. Quarterly originations rose 41 per cent YoY to Rs 25.3 lakh crore, the report said.Gold loan origin…
New Delhi, Jan 22 (IANS) Assets under management (AUM) of non-banking financial companies (NBFCs) specialising in gold loans is set to register a compound annual growth rate (CAGR) of 40 per cent between this fiscal and next, surpassing Rs 4 lakh crore by March 2027, a Crisil Ratings report showed on Thursday.According to the report, the surge will be driven by elevated gold prices, a shift towards secured credit and an evolved regulatory environment, outpacing the CAGR of 27 per cent clocked be…
Mumbai, Jan 8 (IANS) Securitisation volumes continued their steady momentum in the first nine months (April-December) of the financial year 2025-26, growing by 5 per cent to Rs 1.87 lakh crore, compared to Rs 1.78 lakh crore in the same period of the previous financial year, according to a Crisil Ratings report released on Thursday.The growth in securitisation, or the process by which certain types of assets are pooled so that they can be repackaged into interest-bearing securities and the inter…