Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Lenders auction more gold as Reserve Bank steps up scrutiny
Hindustan Times
|December 23, 2024
Companies lending against gold are auctioning the collateral in higher quantities to recover stressed loans, at a time of rising regulatory scrutiny over the sector.
Gold auctions that rose sequentially in the second quarter are expected to rise further in the ongoing December quarter, experts said, since directions from the Reserve Bank of India (RBI) pertaining to gold loans came only at the end of the second quarter.
Cumulative data on gold auctions is not available; however, leading gold loan financier Muthoot Finance Ltd said at an analyst call that it auctioned gold worth 69 crore in the first quarter, followed by ₹250 crore in the second quarter.
Another gold-focused nonbank lender, Manappuram Finance, said in its analyst call that it auctioned gold worth ₹360 crore in the second quarter. The company said it has an average book loan-to-value (LTV) ratio of 58%, against the regulatory maximum of 75%.
LTV of 75% means a gold loan of ₹75 should be backed by gold collateral worth ₹100.
Dit verhaal komt uit de December 23, 2024-editie van Hindustan Times.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Hindustan Times
Hindustan Times
Another NEET student dies by suicide in Kota
A 24-year-old NEET student died allegedly by suicide in Rajasthan's Kota on Saturday, police said, making it the 20th such incident in the desert state.
1 min
October 26, 2025
Hindustan Times
CBIC consolidates 31 notifications into one, aims to ease compliance
THERE WILL BE NO CHANGE IN THE VALIDITY OF THE EXEMPTIONS NOTIFIED ACROSS VARIOUS YEARS
1 min
October 26, 2025
Hindustan Times
Exports to China surge 22% in FY25'
India's exports to China surged about 22% in the first half of 2025-26 compared to the first half (HI) of FY25, driven by items like parts of telephone sets, shrimps, aluminium and capsicum, according to the government's data - a trend, that according to some experts, suggests that Indian exporters have successfully diversified some of their trade to different destinations in the aftermath of the US tariffs.
1 mins
October 26, 2025
Hindustan Times
Endorsing NEP, Delhi sets uniform 6+ rule for Class 1
NEW SCHOOL RULES ALSO INCREASE FOUNDATIONAL STAGE CLASSES FROM 2 TO 3: NURSERY, LOWER KG AND UPPER KG
3 mins
October 26, 2025
Hindustan Times
Farm fires rage in Pak, no surge in Punjab-for now
Capital's AQI back to 'very poor' due to local factors even as experts warn of farm fire threat on horizon
4 mins
October 26, 2025
Hindustan Times Delhi
A movie which tries to make you cry but barely makes you care
REGRETTING YOU Direction: Josh Boone Cast: Allison Williams, Dave Franco, Mckenna Grace, Mason Thames, Scott Eastwood, Willa Fitzgerald Rating: ✶
2 mins
October 26, 2025
Hindustan Times Delhi
'WHEN YOU'RE PART OF AMBITIOUS PROJECTS, THE WAIT IS GOING TO BE LONG'
From TV popularity to digital projects, Kritika Kamra talks about waiting for releases and embracing steady career growth
1 mins
October 26, 2025
Hindustan Times
Severe cyclone to cross Andhra coast on Oct 28
IMD SAID THE CYCLONE IS EXPECTED TO CAUSE HEAVY RAIN OVER ANDHRA, AND ODISHA AND WEST BENGAL
2 mins
October 26, 2025
Hindustan Times Delhi
Nawaz says indie films struggle at box office as they get fewer screens
Actor Nawazuddin Siddiqui feels that there is a need to preserve independent cinema despite the challenges it faces, as he believes that if such films cease to be made, it would be \"very bad\" for the creative industry.
1 min
October 26, 2025
Hindustan Times Delhi
75k more seats in medical institutes within 5 yrs: Nadda
The government is planning to add 75,000 seats in the next five years across medical institutions in the country for both undergraduate and postgraduate levels, Union health minister JP Nadda said on Saturday.
1 min
October 26, 2025
Listen
Translate
Change font size