IndiaGold turns profitable, secures NBFC licence as gold-loan demand soars

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IndiaGold, the gold-loan fintech operated by Flat White Capital, has turned profitable at the profit-after-tax (PAT) level in the current financial year and has also secured a non-banking financial company (NBFC) licence, according to two sources aware of the company’s details.

The development comes amid strong momentum in gold-backed credit across the country, as both borrowers and lenders increasingly favour secured lending. Industry data from CRIF High Mark shows that retail loans grew 18% year-on-year in Q2 FY26, with gold loans expanding 35.8%…



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IndiaGold turns profitable, secures NBFC licence as gold-loan demand soars


IndiaGold, the gold-loan fintech operated by Flat White Capital, has turned profitable at the profit-after-tax (PAT) level in the current financial year and has also secured a non-banking financial company (NBFC) licence, according to two sources aware of the company’s details.

The development comes amid strong momentum in gold-backed credit across the country, as both borrowers and lenders increasingly favour secured lending. Industry data from CRIF High Mark shows that retail loans grew 18% year-on-year in Q2 FY26, with gold loans expanding 35.8%…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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