Capri Global shares soar over 11 percent after large trade, NBFC offers 'Auto Pay' on gold loans

The credit appraisal for small ticket gold loans up to Rs 2.5 lakh will not be needed, RBI Governor Sanjay Malhotra had said during the MPC briefing on June 6.

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26 Aug, 2025 12:21

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Shares of diversified NBFC Capri Global are sharply higher by over 11 percent in trade on June 9, after a large block saw 1.29 percent of the equity worth Rs 7.27 crore change hands at a price of Rs 161 per share, at a time when gold loan companies are finding a lot of investor interest after revised RBI's gold loan norms.

The large trade, reported by CNBC-TV18 citing sources, saw 4.5 lakh shares change hands.

The credit appraisal for small ticket gold loans up to Rs 2.5 lakh will not be needed, RBI Governor Sanjay Malhotra had said during the MPC briefing on June 6.

On June 6, Capri Global strengthened its digital services with a 'Smart Auto Pay' facility for gold loans, which it said is designed to make gold loan repayments more convenient and hassle-free.

Ravish Gupta, Business Head – Gold Loans, Capri Global said, "The Auto Pay facility ensures timely repayments without the need to remember due dates." The enhanced use of technology in user-friendly services will help Capri develop a 'robust phygital ecosystem', Ravish Gupta added.

The 'Smart Auto Pay' feature offers customers hassle-free and secure repayments by automatically debiting the due amount from registered account on the scheduled date, reducing the risk of missed payments and late penalties.

"The service is enabled through a standing instruction or mandate provided at the time of loan disbursal. With Auto Pay, customers benefit from a secure and seamless repayment process, eliminating the need for manual payments or branch visits," Capri Global said in a statement.

The NBFC already has a AI-powered WhatsApp Chatbot to allow customers to manage gold loan payments, view account details, check interest dues, and access important documents — without visiting a branch. The NBFC has an AUM of over Rs 22,850 crore with more than 7 lakh customers, and is present across 19 states or UTs.