Press Release - Capri Loans launches Auto Pay for Gold Loans
Awaiting price reaction for this filing.
Capri Global Capital Limited (Capri Loans) has launched a new 'Auto Pay' feature for its Gold Loan customers, enabling automatic debit of repayment amounts from the customer's registered bank account on the due date through a standing instruction. The feature is aimed at reducing missed payments and late penalties, and removes the need for manual payments or branch visits. This builds on the company's earlier launch of an AI-powered WhatsApp Chatbot for gold loan account management. Capri Loans is a diversified NBFC with an AUM of over Rs 22,857 crore, 1000+ branches across 19 states, and over 7 lakh customer accounts.
This is a customer-experience enhancement with no direct impact on financials, but it signals Capri's continued push toward digital infrastructure in the competitive gold loan segment, which could help in customer retention and reducing delinquencies over time.