• Gold loan growth: Higher gold import duties and prices are positive for lending growth because increased loan-to-value limits provide MSME borrowers with greater borrowing capacity for working capital.
• Collateral dynamics: Loans are provided against existing jewelry rather than gold bars to prevent speculation, expanding overall lending value independent of fresh physical gold demand.
• Tax demand appeal: A six-year block tax assessment concluded with a demand of 4.76 billion (₹480 crore), which the company plans to appeal based on its legal stance and record of full compliance.