Mumbai: KVS Manian, Federal Bank‘s MD, has expressed confidence that slippages in the bank’s micro finance book have peaked last quarter, and that return on assets (RoA) would improve on better festive-season demand and supported by products such as gold loans. Federal Bank’s net profit dropped 15% year-on-year in the first quarter ended June 2025 … Read more
Gold loans: The Reserve Bank of India (RBI) is preparing to implement stricter underwriting standards for gold loans, urging both banks and non-bank financial institutions to enhance their background checks on borrowers. This initiative aims to ensure that financial entities adhere to standard protocols amidst a 50% rise in gold loans since September 2024, news … Read more
Gold loans have become a favoured financial solution for individuals requiring immediate access to funds. Unlike personal loans, which usually demand extensive documentation and credit checks, gold loans offer a swift alternative as they are secured by the gold itself. Regulated by the Reserve Bank of India (RBI), these loans allow banks and Non-Banking Financial … Read more
Gold loans: Banks and gold loan companies are looking to implement monthly amortisation plans following concerns raised by the Reserve Bank of India (RBI) regarding deficiencies in gold loan disbursements. According to a report by the Economic Times, borrowers may soon be required to begin making interest and principal payments through EMIs immediately upon loan … Read more