Capri Global Capital Limited has informed the Exchange regarding a press release dated Jun 06, 2025, titled "Press Release - Capri Loans Launches Auto Pay for Gold Loans".
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Capri Loans, the lending arm of Capri Global Capital, has introduced an Auto Pay feature for its gold loan customers. The facility automatically deducts the repayment amount from the customer's registered bank account on the due date through a standing instruction set up at the time of loan disbursal. This aims to reduce missed payments, eliminate late penalties, and remove the need for manual visits to branches. The launch builds on the company's earlier AI-powered WhatsApp Chatbot, reinforcing its digital-first strategy for gold loans. Capri Loans is an NBFC with an AUM of over Rs 22,857 crore, operating 1,000+ branches across 19 states and serving more than 7 lakh customers.
This is a customer-facing digital enhancement, not a major financial event. It may support better collection efficiency and reduce defaults in the gold loan book, but is unlikely to move the stock significantly on its own. Investors should view it as a positive incremental step in the company's digital transformation journey.