Microfinance companies in India are increasingly turning to gold loans to diversify their portfolios and reduce risk, spurred by relaxed RBI regulations. Arohan Financial Services and Uttrayan Financial Services are actively exploring this market, while others consider loans against property. The shift allows NBFC-MFIs to have a larger non-microfinance portfolio, enhancing credit ratings and profitability.
Jupiter Wagons shares rally 8% on Rs 1,140 crore Railway Board order
Jupiter Wagons shares rallied over 8% after securing a Rs 1,140 crore Railway Board order for 2,583 wagons. The company expects additional order inflows of