In a statement, the RBI said it has directed IIFL Finance Ltd "to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans".
Airtel Payments Bank partnered with Muthoot Finance to offer easy access credits to its customers enabling them to apply for gold loans from the Airtel Thanks app.
SBI Gold Loan Interest Rate, SBI YONO Gold Loan Offer: SBI said that customers can now apply for a gold loan through the SBI YONO app
Feeling the heat of the financial crisis arising out the coronavirus pandemic, the Sabarimala Temple in Pathanamthitta district, Kerala is planning to tap on massive gold reserve in its vaults. The Travancore Devasom Board (TDB) is planning to approach the Reserve Bank of India for gold loans.
Kochi: Three gold loan companies -- Muthoot Finance, Manappuram Finance and Muthoot Fincorp -- in Kerala jointly hold nearly 200 tonnes of gold jewellery, much higher than the gold reserves of some of the richest
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