In September 2024, when Bajaj Housing Finance (BHFL) was listed, it was the most richly valued housing finance company (HFC) with a listing price of nearly 10 times its book value. At that valuation, BHFL’s market value hit a staggering Rs 1.5 lakh crore. That meant its market cap was equal to that of the
The Reserve Bank of India’s (RBI) impending framework for gold loans has come amidst a significant surge in gold loan outstanding and non-performing assets (NPAs) in the segment. The sustained rally in gold prices has driven the growth in gold loans, as consumers tap into the rising value of their gold assets. Simultaneously, banks and
A manager of a private finance firm registered a complaint of cheating against one of the firm’s gold loan holder who had withdrawn Rs 4.5 lakh from his account that was transferred to his account by the finance firm by mistake. Police sources said that the complaint was registered at Adajan police station by Ankit
Amid continued protests in the state and disagreements among BJP leaders over his statements on ‘paharis’, Finance and Parliamentary Affairs Minister Premchand Aggarwal announced his resignation Sunday. Addressing the Assembly during the Budget Session on February 21, Aggarwal fuelled the ‘pahari versus outsiders’ debate when he wondered if Uttarakhand was meant only for people from the