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RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
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Armed Gang From Bihar Robs Gold Worth Rs 5 Crore From Madhya Pradesh Bank: Cop
Six members of a gang from Bihar allegedly stole gold worth nearly Rs 5 crore and Rs 3.5 lakh in cash from a bank offering gold loan in Madhya Pradesh's Katni district, a police official said on Sunday.
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431 Kg Gold, Silver Seized From Secret Lockers Of Firm In Bank Fraud Case
The Enforcement Directorate today seized 431 kgs of gold and silver worth more than Rs 47 crore after it searched secret lockers of a bullion company as part of a money laundering probe linked to an alleged bank loan fraud case.
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23 Kg Gold, Rs 10 Lakh Robbed At Gunpoint From Gold Loan Firm In Rajasthan
Five bike-borne men robbed around 23 kg of gold and Rs 10 lakh cash at gunpoint from a finance company's branch in Rajasthan's Udaipur on Monday, police said.
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Robbers Lock Chennai Bank Staff In Toilet, Escape With Gold Worth Crores
Gold, reportedly worth several crores, was looted from a bank in Chennai this evening. Three men in masks locked the employees in a toilet before they robbed the Fed Bank Gold Loan in the city's Arumbakkam area.
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IIFL Finance Offers Gold Loan At Interest Rate Of 0.54% Per Month
IIFL Gold Loan offers longer tenure which extends up to 24 months, allowing customers to manage cash flow better.
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Two Bank Staff Arrested For Stealing Jewels Pledged By Customers
A cashier and assistant cashier of the Pondicherry Cooperative Urban Bank here were arrested on Friday for allegedly committing fraud and stealing gold jewels pledged by the customers of the bank to raise loans, police said.
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Punjab National Bank Lowers Interest Rates On Loans Against SGB, Jewellery
Punjab National Bank will now offer loans against sovereign gold bonds at 7.20 per cent and loans against gold jewellery at 7.30 per cent
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IIFL Finance Offers 0.79% Interest Rate On Gold Loan: All You Need To Know
IIFL Finance has launched the DigiGold Loan facility, where customers can avail interest payment and top-up options through the digital modes
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SBI Offers 7.5% Interest Rate On Gold Loan: How To Apply On YONO App
SBI Personal Gold Loan: The country's largest lender - State Bank of India is offering gold loans at an interest rate of 7.5 per cent and customers can apply for the same on the SBI YONO mobile app.
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Indians Sell Their Gold As Covid 2nd Wave Pushes Millions Into Poverty
Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children's education after losing his job on a cruise liner.
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Planning To Opt For A Gold Loan? Here Are A Few Things To Consider Before Making A Decision
A loan against gold is preferred over a personal loan as it offers lower interest rates
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Gold Lenders Cut Loan Duration, Seek More Guarantees Due To Price Decline
Muthoot Finance is offering discounts on interest rates to borrowers who chose to repay monthly or more frequently and Muthoottu Mini Financiers is mostly lending for 90 days now versus 270 previously
-
Bengal, Tamil Nadu's Last Minute Schemes Before Poll Dates Announcement
At least two of the five poll-bound states today rushed to announce populist schemes hours ahead of the election dates being announced. Tamil Nadu and West Bengal introduced various policy changes seemingly aimed at electoral prospects. The model code of conduct, which comes into effect immediately after the Election Commission declares the poll da...
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Delhi Jeweller Arrested For Staging Fake Robbery To Get Loan Waiver: Cops
A 40-year-old jeweller and his two associates staged a fake robbery of 2.6 kg gold at his office in central Delhi in order to get bank loans worth Rs 61 lakh waived off, police said on Sunday.
-
RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
-
Armed Gang From Bihar Robs Gold Worth Rs 5 Crore From Madhya Pradesh Bank: Cop
Six members of a gang from Bihar allegedly stole gold worth nearly Rs 5 crore and Rs 3.5 lakh in cash from a bank offering gold loan in Madhya Pradesh's Katni district, a police official said on Sunday.
-
431 Kg Gold, Silver Seized From Secret Lockers Of Firm In Bank Fraud Case
The Enforcement Directorate today seized 431 kgs of gold and silver worth more than Rs 47 crore after it searched secret lockers of a bullion company as part of a money laundering probe linked to an alleged bank loan fraud case.
-
23 Kg Gold, Rs 10 Lakh Robbed At Gunpoint From Gold Loan Firm In Rajasthan
Five bike-borne men robbed around 23 kg of gold and Rs 10 lakh cash at gunpoint from a finance company's branch in Rajasthan's Udaipur on Monday, police said.
-
Robbers Lock Chennai Bank Staff In Toilet, Escape With Gold Worth Crores
Gold, reportedly worth several crores, was looted from a bank in Chennai this evening. Three men in masks locked the employees in a toilet before they robbed the Fed Bank Gold Loan in the city's Arumbakkam area.
-
IIFL Finance Offers Gold Loan At Interest Rate Of 0.54% Per Month
IIFL Gold Loan offers longer tenure which extends up to 24 months, allowing customers to manage cash flow better.
-
Two Bank Staff Arrested For Stealing Jewels Pledged By Customers
A cashier and assistant cashier of the Pondicherry Cooperative Urban Bank here were arrested on Friday for allegedly committing fraud and stealing gold jewels pledged by the customers of the bank to raise loans, police said.
-
Punjab National Bank Lowers Interest Rates On Loans Against SGB, Jewellery
Punjab National Bank will now offer loans against sovereign gold bonds at 7.20 per cent and loans against gold jewellery at 7.30 per cent
-
IIFL Finance Offers 0.79% Interest Rate On Gold Loan: All You Need To Know
IIFL Finance has launched the DigiGold Loan facility, where customers can avail interest payment and top-up options through the digital modes
-
SBI Offers 7.5% Interest Rate On Gold Loan: How To Apply On YONO App
SBI Personal Gold Loan: The country's largest lender - State Bank of India is offering gold loans at an interest rate of 7.5 per cent and customers can apply for the same on the SBI YONO mobile app.
-
Indians Sell Their Gold As Covid 2nd Wave Pushes Millions Into Poverty
Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children's education after losing his job on a cruise liner.
-
Planning To Opt For A Gold Loan? Here Are A Few Things To Consider Before Making A Decision
A loan against gold is preferred over a personal loan as it offers lower interest rates
-
Gold Lenders Cut Loan Duration, Seek More Guarantees Due To Price Decline
Muthoot Finance is offering discounts on interest rates to borrowers who chose to repay monthly or more frequently and Muthoottu Mini Financiers is mostly lending for 90 days now versus 270 previously
-
Bengal, Tamil Nadu's Last Minute Schemes Before Poll Dates Announcement
At least two of the five poll-bound states today rushed to announce populist schemes hours ahead of the election dates being announced. Tamil Nadu and West Bengal introduced various policy changes seemingly aimed at electoral prospects. The model code of conduct, which comes into effect immediately after the Election Commission declares the poll da...
-
Delhi Jeweller Arrested For Staging Fake Robbery To Get Loan Waiver: Cops
A 40-year-old jeweller and his two associates staged a fake robbery of 2.6 kg gold at his office in central Delhi in order to get bank loans worth Rs 61 lakh waived off, police said on Sunday.
