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Tata Capital forays into gold loans with Yogloans acquisition
Tata Capital is entering India's gold loan market by acquiring a majority stake in Yogloans. This strategic move expands their retail lending portfolio with a secured lending product. The acquisition involves a share purchase and a significant capital infusion into the NBFC. India's gold loan market is expanding, driven by rising gold prices and credit demand. Yogloans operates across four southern states and will continue under its current leadership.
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economictimes.indiatimes.com
Tata Capital forays into gold loans with Yogloans acquisition
Tata Capital is entering India's gold loan market by acquiring a majority stake in Yogloans. This strategic move expands their retail lending portfolio with a secured lending…
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Tata Capital to buy 88.6% in Yogloans, enters gold loan business
Tata Capitals Yogloans buyout gives it an instant gold-loan platform, adding a high-yield secured product to its retail lending portfolio. This all-cash transaction values…
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newsbytesapp.com
You can soon get a gold loan from Tata Capital
Tata Capital has announced its entry into the gold loan business by acquiring a majority stake in Yogloans, an RBI-registered NBFC specializing in gold loans.
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Tata Capital joins the race to own a piece of India's dormant wealth
Tata Capital's acquisition of an 88.6% stake in Kerala-based Yogloans signals growing confidence in India's fast-expanding gold loan market as lenders shift away from unsecured…