Rating agency ICRA reported that banks continue to dominate the gold loan market, primarily due to gold jewelry-backed agricultural loans. As of March 2024, public sector banks (PSBs) held approximately 63% of the total gold loans, an increase from 54% in March 2019, while the shares of non-banking financial companies (NBFCs) and private banks declined equally during the same period.
A bullet repayment scheme is one where a borrower repays interest and the principal amount at the end of a loan tenure without worrying about repayment during the loan tenure.
Bajaj Markets, a subsidiary of Bajaj Finserv, in partnership with top lenders, grants access to gold loans with attractive interest rates starting from 8.88% p.a.
Hyderabad: Telangana Grameena Bank recorded a net profit of Rs 373.16 crore for the year ended March, an increase of 26.9 per cent from Rs 293.9 crore. Advances grew 11.5 per cent increase to touch Rs 11,272.8 crore for the year ended March. They were Rs 10,103.7 crore in the corresponding period last year. The […]
