Intentar ORO - Gratis
Muthoot-backed Belstar forays into gold loan business
Mint Mumbai
|April 18, 2025
Move likely to create a fresh income stream ahead of Belstar's IPO, deferred for 3-4 quarters amid sector stress
Muthoot Finance-controlled Belstar Microfinance Ltd is launching a gold loan business to diversify its book and reduce risk in the portfolio. The diversification will create a new income stream, helping the company ahead of its initial public offering (IPO).
"We are looking to diversify the portfolio of microfinance business up to the RBI permitted limit of 25% of the total AUM (assets under management)," said George Muthoot, managing director, Muthoot Finance.
Esta historia es de la edición April 18, 2025 de Mint Mumbai.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint Mumbai
Mint Mumbai
Tax residency depends on your travel pattern and primary base
I am a salaried individual employed by an Indian company that allows me to work remotely.
2 mins
October 10, 2025
Mint Mumbai
IN INDIA'S KNITWEAR CAPITAL, A SURVIVAL ACT
Hit by Trump's tariffs, textile manufacturers in Tiruppur are renegotiating deals while scouting for newer markets
7 mins
October 10, 2025
Mint Mumbai
Nestlé looks beyond Maggi, bets on India petcare boom
Nestlé SA sees India as a potential top-three global petcare market after the US and China
2 mins
October 10, 2025
Mint Mumbai
Tata Trusts strife bares a void
Today's meeting may set the tone for the philanthropic entities' future, a year after the death of Ratan Tata
4 mins
October 10, 2025
Mint Mumbai
The dollar is far from dead and the yuan is not staging a coup
Greenback doomsayers got it wrong. The dollar's reign is not over
3 mins
October 10, 2025
Mint Mumbai
Celebrating the snake in jewellery and art
An exhibition in Mumbai reiterates the power of the serpent motif in ornamentation and shines a light on Jaipur's wealth of gemstones
2 mins
October 10, 2025
Mint Mumbai
Silver ETFs fired up by scarcity, festivals
Silver exchange traded funds or ETFs opened Thursday with a record 10-12% premium to spot prices, underscoring a scramble for the metal as festive buying, industrial use, and investor FOMO (fear of missing out) drove up demand against tight supplies.
2 mins
October 10, 2025
Mint Mumbai
Without wills, death sparks a costly legal ordeal for NRIs
Wills help legal heirs bypass months of bureaucratic and logistical hurdles to claim family assets
4 mins
October 10, 2025
Mint Mumbai
AI BROKE THE INFO BOTTLENECK, BUT VALUE INVESTING STILL DEPENDS ON INSIGHT
In a Bloomberg column, Guy Spier argues that AI has ended the golden age of value investing by removing the old information edge.
2 mins
October 10, 2025
Mint Mumbai
TCS preps big pivot to AI, data centres
At least $6 bn investment in 6 yrs; Q2 revenue beats expectations
3 mins
October 10, 2025
Listen
Translate
Change font size