Tata Capital targets 500+ gold-loan branches after 56% profit jump
Tata Capital’s June-quarter net profit rose 56% year-on-year to Rs 1,547 crore as its loan book grew 23%. Following its proposed 88.6% acquisition of Yogakshemam Loans, the lender plans more than 500 gold-loan branches and a Rs 4,000-5,000 crore gold-loan book within three years.
Tata Capital posted 56% profit growth in the June quarter, driven by loan growth. Its Yogakshemam Loans acquisition will launch a gold-loan push, with over 500 planned branches and a Rs 4,000-5,000 crore book target within three years.
Why this matters
The gold-loan push follows Tata Capital's recent Q1 signals of 56% profit growth, rising AUM, and retail and SME lending growth. The proposed Yogloans acquisition adds a new secured-lending segment.
Retail-company signals are accelerating, up 395,767% QoQ.