RBI’s Tougher Gold Loan Rules May Push Borrowers Away from Banks, Back to Informal Lenders
The Reserve Bank of India’s recently updated rules on gold-backed lending have sparked concern among policymakers and financial experts, who warn that the new requirements could inadvertently cut off access to credit for millions of informal and rural borrowers.
Record high prices have dented jewellery demand: Sachin Jain, WGC
The skyrocketing price of gold is a matter of concern to the entire gold industry, but even more so for India, which is one of the largest consumers of gold worldwide. Driven by multiple factors, chiefly global economic uncertainties, inflation concerns, and a strong investment demand, these price movements have significant implications for retailers, consumers, and investors in India. In a conversation with Suneeta Kaul, Sachin Jain, Regional CEO, India, World Gold Council, dwells on the impact of high prices, the move towards organized retail in the country, the rising trend of digital gold investment, and more
Augmont Gold For All Unveils 'Inaam Mela' Campaign, Aiming to Boost Gold Loan Services in Karnataka, Andhra Pradesh, and Telangana
India's Premier gold platform, unveils 'Inaam Mela' campaign to showcase gold loan services in Karnataka, Andhra Pradesh, and Telangana
Banking Institutions Appeal to RBI for Permission to Provide Silver Metal Loans to Jewellery Manufacturers
Point to Gold Loan Triumph as Silver Jewelry Demand Surges Amid Festivals and Exports
Augmont Gold For All Illuminates Rakhi Celebrations by offering the Perfect Gift of Digital Gold for Loved Ones
Augmont Gold For All, India's No. 1 Gold Platform, promises to enable brothers to digitally present something as valuable as gold to their sisters living anywhere in India from the comfort of their homes.
Augmont Gold for All Sets New Benchmark with Thinnest Gold Coin
The Thinnest Gold Coin measures a groundbreaking thickness of less than 1mm with a weight of 100mg and a diameter of 2.2 cm.
Augmont Gold For All offers affordable gold coins for Akshaya Tritiya
Augmont Gold For All's latest collection, Gold Atoms, features India's thinnest and most economical gold coin, available at remarkable prices.
Unlock Financial Flexibility: Discover the Advantages of Gold Loans in India
If you are an Indian citizen and in need of immediate financial assistance, a gold loan could be a smart way to borrow money quickly and easily.
Augmont Gold Secures a Spot in India Book of Records for the Thinnest Gold Coin
The 24 Karat hallmarked Gold coin measured less than 1 mm, which is as thin as foil paper.
Muthoot Finance, Bajaj Allianz In Tie-Up For Gold Jewellery Insurance
Muthoot Finance has tied up with Bajaj Allianz General Insurance to provide insurance on gold jewellery as part of their new initiative
WGC: Covid-19 Boosts Demand For Gold Loans In India
Households and small businesses in India have preferred to pledge gold as collateral to meet financing needs rather than selling it outright during the Covid pandemic, the World Gold Council (WGC) said in a market update titled ‘Gold loans help India weather the Covid-19 storm’
Increase In Gold Loan LTV Will Heighten Credit Risks For Banks
The RBI had on August 6 increased the LTV ratio for gold loans by banks to 90 per cent from the earlier 75 per cent
Post Lockdown: Pawning Gold Is Easier Than Getting Bank Loans
Gold-backed loans are becoming more popular with banks, which tend to consider them safer than other unsecured borrowing
India Gold Jewellery Summit reveals interesting insights
The summit held discussions on topics ranging from bullion banking, finance crunch, technology to innovation
Is the jewellers' unity falling apart?
The decision to call off strike has created a rift between the jewellers fraternity; the industry is singing two different tunes.
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