Gold financing took the hot seat after the first wave of the pandemic with every lender flocking into this business given the large stock of gold holding lying idle in the Indian household, and easy access to liquidity for borrowers by pledging the same, to tide over the pandemic-led liquidity crunch. Since gold financing business will continue to deliver promises, which stock then is the right bet for investors? Watch this video to find out.
Muthoot Finance Ltd, which claims to be the largest gold finance NBFC in India, today said it will now offer loans against Gold ETF (Exchange Traded Funds) units as security.
Dhanlaxmi Bank has called off a plan to raise Rs 290 crore via preferential allotment to a clutch of investors after one of the proposed investors backed off due to regulatory issues.