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Gold prices dictate investment trends globally. India's cultural affinity for gold remains strong, with rising prices encouraging more investments. The market dynamics, influenced by import-export regulations and global demand, continue to shape the gold industry.
∙ Secured NCDs of face value of Rs.1,000 each
Spotlight News: With an aim to promote financial inclusion and bring more and more people under the ambit of institutional credit, non-banking financial company Indel.
The company has opened eight branches in Delhi-NCR, in line with its plans to open 16 branches by March 2024
Gold loan NBFCs urge for fiscal measures in Union Budget 2024 to infuse liquidity and introduce partial credit guarantee scheme for onward lending to micro-enterprises. They also seek priority sector status, gold linked credit line via UPI, liquidity support from SIDBI or NABARD, regulatory easing for digital lending, and co-lending partnerships. Indian households' idle gold can be leveraged for financing. Giving priority sector status to eligible gold loans will benefit small borrowers, self-employed, micro business owners, and MSMEs. Extending priority status to all micro gold loans can enab...