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.
Boeing shares rise 5% despite higher than expected Q2 loss on Air Force One costs
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher