Tata Capital Enters Gold Loan

Tata Capital has made a significant move by acquiring over 88 percent stake in Yogloans, a Kerala-based company. This acquisition marks Tata Capital's foray into the gold loan business, expanding its financial services portfolio. The gold loan business is a growing segment in India, with many companies offering such services to customers. With this acquisition, Tata Capital aims to tap into this market and provide gold loan services to its customers. The company's entry into the gold loan business is expected to increase competition in the market and provide more options for customers.