National News
Muthoot Microfin to start gold loans soon
Muthoot Microfin, part of the Muthoot Pappachan Group, is entering secured lending, including gold loans via co-lending with Muthoot Fincorp, leveraging RBI’s eased qualifying asset norms. The move aims to diversify its ₹12,253 crore AUM and reduce concentration risk
Muthoot Microfin, leveraging relaxed RBI norms, is diversifying into secured lending, including gold loans via co-lending with Muthoot Fincorp. Muthoot Microfin, a part of the Kerala-based Muthoot Pappachan group, is diversifying into secured lending, taking advantage of the easier qualifying asset criteria set by the Reserve Bank of India.
The NBFC-MFI, with Rs 12,253 crore assets under management at the end of June, is all set to foray into gold loans through a co-lending arrangement with its parent, Muthoot Fincorp.
As part of the risk mitigation exercise, the lender also began micro loans against property (LAP) and micro business loans a couple of months ago.
In terms of qualifying asset rules, Muthoot Microfin’s share of microfinance loans given to borrowers with up to Rs 3 lakh annual family income stood at 76%. About 94% of its AUM was given without collateral, while the balance 6% was sanitation loans and loans given to buy products such as solar lamps and mobile phones.
RBI lowered the minimum qualifying asset criteria to 60%, providing all NBFC-MFIs a window to grow secured loans. All pure-play microfinance lenders are now eyeing growth in the secured business to reduce concentration risk.
National News
Bhima Gold Unveils Ashtalakshmi Coin Collection for Akshaya Tritiya, Blending Devotion with Exquisite Design
A culturally rooted, insight-led launch that reimagines festive gold buying through storytelling, symbolism, and spiritual relevance.
In a move that blends cultural storytelling with product innovation, Bhima Gold has unveiled its Ashtalakshmi Coin Collection for Akshaya Tritiya – positioning gold not just as a purchase, but as a deeply symbolic expression of prosperity, faith, and intent.
Timed with one of India’s most significant gold-buying occasions, Akshaya Tritiya, the launch reflects a deeper cultural shift in consumer behaviour. While the festival continues to drive strong purchase intent, there is a growing preference for meaningful, purpose-led buying experiences over purely transactional consumption.
Aligned with this evolving mindset, the Ashtalakshmi coin collection has been thoughtfully conceptualised to blend tradition with deeper symbolism. Inspired by the eight sacred forms of Goddess Lakshmi, each coin represents a distinct dimension of prosperity—from wealth and nourishment to courage, knowledge, and continuity.

By bringing together Adi Lakshmi, Dhana Lakshmi, Dhanya Lakshmi, Gaja Lakshmi, Santana Lakshmi, Veera Lakshmi, Vijaya Lakshmi and Vidya Lakshmi, the collection reframes gold coins from being a generic festive purchase to a story-driven, culturally immersive product experience – one that resonates across generations and belief systems.
This launch also aligns with Bhima Gold’s larger centenary narrative of “Together Purever,” which focuses on legacy, shared traditions, and evolving consumer meaning. The collection becomes an extension of that philosophy – reinforcing how heritage brands are reinterpreting tradition for a more aware and emotionally driven consumer.
Customers can pre-book their favourite jewellery by paying just 10% in advance & get their jewellery on Akshaya Tritiya at the lowest rate, which gives customers more flexibility and helps them plan their purchases with greater confidence, especially at a time when gold prices are high.
Akshaya Tritiya has traditionally been associated with intention, belief, and the aspiration for prosperity, extending beyond a purely transactional act of buying gold. The Ashtalakshmi Coin Collection has been conceptualised to reflect this deeper cultural and spiritual significance, with each coin designed to carry a distinct meaning and sense of purpose. The initiative also aligns with evolving consumer preferences, where there is a noticeable shift towards jewellery that offers emotional, cultural, and spiritual resonance in addition to intrinsic value.
With gold prices near record highs and consumer sentiment becoming more considered, Bhima’s Ashtalakshmi Coin Collection signals a broader shift in the category — from price-led promotions to meaning-led engagement, where design, storytelling, and cultural relevance drive both differentiation and demand.
As legacy brands navigate a new era of conscious consumption, Bhima Gold’s latest offering highlights how tradition can be reimagined as experience, making gold buying not just an act of investment, but an expression of identity and belief.
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