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Muthoot Finance MD George Alexander Muthoot says gold loan demand is steady despite shifting borrower sizes

Muthoot Finance MD George Alexander Muthoot says gold loan demand is steady despite shifting borrower sizes

Muthoot Finance’s gold loan business is holding up strongly, with growth still near 50% year-on-year as rising gold prices lift collateral values. The firm notes a structural slowdown in volumes: gold tonnage is down and active loan accounts have fallen for the second straight quarter. Management says the decline is driven by shorter loan tenures and churn, not weaker demand. Smaller-ticket loans are shrinking while larger loans gain. Tighter unsecured lending also funnels borrowers toward gold-backed credit.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Muthoot Finance shares plunge 8% despite Q4 net profit doubling 105% analysts still call it upside

Muthoot Finance shares plunge 8% despite Q4 net profit doubling 105% analysts still call it upside

Muthoot Finance shares fell over 8% on Friday even after the gold loan lender reported a 105% year-on-year jump in Q4 standalone net profit to Rs 3,086 crore. Revenue from operations rose 68.5% to nearly Rs 8,180 crore, while full-year profit climbed 95% to Rs 10,134 crore and gold loan AUM surged 50% to Rs 1.54 lakh crore. Jefferies and Morgan Stanley retained positive ratings, but adjusted targets, citing margin strength, churn signals, and gold price expectations.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Gold financiers jump up to 11% as India hikes gold import duty and prices spike

Gold financiers jump up to 11% as India hikes gold import duty and prices spike

Manappuram Finance, Muthoot Finance and IIFL Finance surged as the government raised gold import duty to 15%, pushing up domestic gold prices. The rally is tied to improved collateral value for gold-backed loans, which can strengthen borrower margins and potentially increase lending demand for these financiers.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Small finance banks turn to gold loans as microfinance bad debts mount

Small finance banks turn to gold loans as microfinance bad debts mount

Small Finance Banks are increasingly leaning on secured products like gold loans to steady earnings and financial health, as unsecured microfinance continues to struggle with elevated bad-loan ratios. The shift aligns with regulator pressure to diversify away from concentrated risk. Larger banks are also expanding microfinance, but the overall pivot toward collateral-backed lending signals a strategy for long-term stability.

Summarised by Beize from a story on The Economic Times on 10 May 2026
IIFL Finance eyes 400 million ECB borrowing as gold loans power turnaround prospects

IIFL Finance eyes 400 million ECB borrowing as gold loans power turnaround prospects

IIFL Finance plans to raise up to $400 million via external commercial borrowings, with Standard Chartered, JPMorgan, and HSBC arranging the deal. The company’s earlier March attempt did not go through, but improving investor sentiment and strong momentum in its gold loan business have strengthened its funding outlook.

Summarised by Beize from a story on The Economic Times on 6 May 2026
CSB Bank turns cautious on gold loans while doubling down on wholesale and SME lending

CSB Bank turns cautious on gold loans while doubling down on wholesale and SME lending

CSB Bank says it is getting cautious on gold loans as gold prices turn volatile amid geopolitical tensions. The lender expects slower growth and is reshaping its strategy toward wholesale and SME lending, using digital strengths to support the shift. It plans to keep credit growth steady, with conservative loan to value ratios to manage risk.

Summarised by Beize from a story on The Economic Times on 5 May 2026

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Manappuram Finance shares dip 3 despite strong Q4 profit as gold loans drive debate

Manappuram Finance shares dip 3 despite strong Q4 profit as gold loans drive debate

Manappuram Finance shares slipped around 3% even after reporting strong Q4 FY26 profit, as the market wrestled with how much the gold-loan surge should influence future performance. The company paired results with an interim dividend. Jefferies upgraded the stock to Buy with a higher target, while Morgan Stanley remained cautious despite the upbeat quarter.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Capri Global Capital targets ₹55000 crore AUM by FY28 with gold loans and co-lending

Capri Global Capital targets ₹55000 crore AUM by FY28 with gold loans and co-lending

Capri Global Capital is aiming to reach ₹55,000 crore in assets under management by FY28, betting on gold loans and co-lending to drive growth. The non-banking lender says the approach will expand its fee income while keeping profitability intact. Over the next three years, it plans a major rollout of gold loan branches to scale its strategy.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Gold loans surge fivefold in two years as banks expand jewellery-backed lending quickly

Gold loans surge fivefold in two years as banks expand jewellery-backed lending quickly

Bank lending against jewellery has jumped nearly fivefold to ₹4.6 lakh crore by end-March, up from ₹93,301 crore two years ago. The RBI data also shows 123% year-on-year growth, the fastest among all sectors, highlighting a sharp shift toward using gold as quick credit when cash needs rise.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
RBI eases NBFC branch rules empowering gold loan firms to expand credit access nationwide

RBI eases NBFC branch rules empowering gold loan firms to expand credit access nationwide

The RBI has eased branch opening rules for NBFCs, giving gold loan lenders more flexibility to expand their physical footprint. The change is expected to improve the speed and availability of credit for small businesses, farmers, and households, strengthening India’s credit architecture and backing more inclusive, steady economic growth.

Summarised by Beize from a story on The Economic Times on 26 Apr 2026

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Rs 7 crore gold loan fraud rocks Canara Bank in Jalna two arrested

Rs 7 crore gold loan fraud rocks Canara Bank in Jalna two arrested

A Rs 7.31 crore gold loan fraud has surfaced at a Canara Bank branch in Jalna, Maharashtra. Police say ornaments linked to gold loan accounts were stolen and replaced with counterfeit jewellery. Two people have been arrested so far, while the probe continues to check whether a wider network was involved beyond the suspects already taken into custody.

Summarised by Beize from a story on The Economic Times on 26 Apr 2026
Gold loan fintechs shift strategy as own loan books come into focus

Gold loan fintechs shift strategy as own loan books come into focus

Gold loan fintechs are moving beyond originating loans for others and increasingly building their own loan books, signaling a shift toward deeper balance-sheet control and steadier revenue. The update also arrives alongside Infosys’ Q4 profit jump, adding a positive tech-finance backdrop as ETtech Morning Dispatch spotlights what’s changing in India’s lending and IT sectors.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Gold loan fintechs pivot to own loan books as RBI tightens lending rules

Gold loan fintechs pivot to own loan books as RBI tightens lending rules

Gold loan fintech startups are changing gears after RBI tightened norms that disrupted their earlier loan-sourcing model. Firms like Indiagold and Oro are obtaining NBFC licenses and arranging debt funding to build direct lending loan books, while also weighing co-lending partnerships. The move aims to restore growth momentum as service-provider routes face tighter scrutiny.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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