Godrej Capital enters gold loan business, acquires Andhra-based Kanakadurga Finance's gold portfolio for...

Godrej Capital entered the gold loan business by acquiring Kanakadurga Finance's gold loan portfolio for Rs 117 crore.

Kanakadurga Finance's gold loan business has Rs 280 crore AUM with nearly 12,000 customers and 54 operational branches across Andhra Pradesh.