Cimulates CommerceGPT Leads Agentic AI Shopping Infrastructure Shift

Crypto Data Centers Converting Into AI Data Centers

conversion ai

To do this, you need to place the image in a new document, resize it, and then trace it using the Image Trace menu. This process converts your image into a vector format, which can be easily manipulated and resized without losing quality. Once you have your AI-generated image, the next step is to prepare it in Adobe Photoshop. This involves making the background white and cleaning up the image using various tools and adjustments.

conversion ai

Technology News

One client cut lead response times from 24 hours to under 2 minutes, leading to a 30% increase in conversions within the first month. Research from InsideSales of more than 55 million sales activities shows that the likelihood of conversion from lead to customer is eight times greater if you follow up with the lead within five minutes—yet only about 0.1% are contacted quickly. Only about a quarter of first-call attempts happen within the first 72 hours and more than 57% of first-call attempts occur after more than a week. It makes sense therefore that, other things being equal, sales generally go to the first vendor to follow up with a prospective customer who is shopping around. Shortening the amount of time needed to qualify a lead as likely to buy, prioritizing it to sales reps and getting the lead on the phone/chat with a sales rep can dramatically increase sales conversion and therefore revenue. By collecting all of this important data as soon as a prospective customer reaches out, AI chat agents can help sales reps prioritize the most purchase-ready leads and then follow up with them in minutes rather than hours, days or weeks.

This involves looking for any unwanted tiny shapes or dots and removing them using the ‘clean up’ option under the ‘path’ menu. By using a black and white adjustment layer and levels, you can effectively reduce the gradient in your image. This makes it easier to convert the image into a vector format in the subsequent steps. Just as Stripe removed the friction from payments, Cimulate aims to remove the friction from AI-native (LLM-based) discovery. Its simulation-first engine turns synthetic behavior into search relevance, and prompts into purchases. Or will players like Google, Shopify, or OpenAI eventually offer competing agentic infrastructure out of the box?

One useful feature is the ‘ignore white’ option, which leaves just the black shape when selected. This can be particularly useful when working with simple, colorless images. Cimulate isn’t the only company building toward an AI-native future for commerce—but its approach is among the boldest. Alongside its discovery engine, Cimulate is launching the MCP Server—a second layer of infrastructure designed for a world where agents communicate directly with each other. The system is already being used by brands such as PACSun, Tillys, and West Marine, with early results showing sharp increases in engagement, time-to-value, and conversion. Together, the team is building Cimulate not as a feature layer, but as the foundation of a new commerce stack.

Convert AI images into vectors

The move aims to enhance the AI skills of women, black people and disabled people along with those from disadvantaged socioeconomic backgrounds. This comes at a time when the government announced £118 million in AI skills funding recently. From the first, they selected five singers with 10 songs at random (nine songs of which they used to train the AI system), and from the second, they chose 12 singers with four songs for each singer, all of which they used for training. But unlike traditional text-to-speech, voice conversion requires no text input.

  • This involves making the background white and cleaning up the image using various tools and adjustments.
  • Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month.
  • For these tech leaders, the goal is to use AI to minimize manual and repetitive tasks, streamline processes, and unlock fresh insights.

It has 25 years of expertise in image recognition, which helps it identify skin problems and improvement areas for its users. Olay, the popular skin care brand, started using AI to make recommendations to its millions of users almost two years ago, and says it has doubled the company’s sales conversion rate overall. The conversion of images into vector format is done using Adobe Illustrator.

  • Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies.
  • Farias partnered with John Andrews, a retail tech operator with deep roots in ecommerce infrastructure.
  • After simplifying the vector shape, it’s important to check and clean up the layers in Illustrator.
  • The team claims that their model was able to learn to convert between singers from just 5-30 minutes of their singing voices, thanks in part to an innovative training scheme and data augmentation technique.

The infrastructure for agentic AI is still forming—and as with any emerging platform category, timing, defensibility, and execution will be critical. Joanne Carew is a freelance tech writer based in Cape Town, South Africa. Her work has appeared in Brainstorm Magazine, TECH, Popular Mechanics, The Business Day, Mail & Guardian, and The Times, among other publications. In Media Theory and Practice from the University of Cape Town, and an honors degree in Journalism from the University of Witwatersrand. In Foundry’s AI Priorities Study 2025, businesses reveal they’re allocating more money to AI projects than ever before, with nearly half of organizations now dedicating budget for AI projects, up from 36% in 2023.

• Blackstone , Brookfield, KKR pouring billions into GPUs and AI-ready data centers.• VCs invested $350M+ into decentralized compute this year alone. They leave to future work methods that can perform the conversion in the presence of background music. • Open-source models are readily available, and can be a very affordable resource, but at the time of writing this article, they generally lag a few months behind closed-source models in terms of performance.

conversion ai

Samsung Z Fold 7 vs. S25 Ultra: The ULTIMATE Real-Life Battery & Camera Test!

conversion ai

They next had human reviewers judge on a scale of 1-5 the similarity of generated voices to the target singing voice, and used an automatic test involving a classification system to evaluate the samples’ quality a bit more objectively. The reviewers gave the converted audio an average score of about 4 (which is considered good quality), while the automated test found that the identification accuracy of the generated samples was almost as high as those of the reconstructed samples. While an MVP can take less than six months to deploy and should cost less than $100,000, a whole solution to any single enterprise problem will cost 10 times more and take two years to get it production-ready. After simplifying the vector shape, it’s important to check and clean up the layers in Illustrator.

Buyer’s remorse: What to do when an IT purchase isn’t a great fit

Instead, it repurposes the intonation and expressiveness of an original audio clip, replacing only the voice identity. Explore the future of AI on August 5 in San Francisco—join Block, GSK, and SAP at Autonomous Workforces to discover how enterprises are scaling multi-agent systems with real-world results. It incorporates an AI-powered matching engine built by Nara Logics, a Boston company that specializes in content matching and also serves the CIA, among others. Its technology decides exactly which of Olay’s 100 or so products to recommend, and in what combinations. The Image Trace panel in Illustrator allows for fine-tuning of the vectorization process. It offers different presets and sliders to adjust the image to your liking.

This is done by expanding the image into a vector and then simplifying the shape. This process makes the vector shape more manageable and easier to manipulate. Other articles you may find of interest on the subject of AI generated images.

Pin Up Casino — официальный сайт для игры онлайн — вариант 1

Pin Up Casino 1: вход и зеркало

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Содержание

Официальный сайт Pin Up

Pin Up Casino — современный портал для азартных игр, предлагающий пользователям лицензированные развлечения.
Сайт выполнен в ярком стиле, что делает его привлекательным для игроков. Здесь представлены как классические автоматы,
так и новые разработки ведущих студий. В отличие от множества малоизвестных брендов, Pin Up работает официально,
гарантируя честность результатов и защиту данных клиентов. Этот текст дополнен для версии 1.

Преимущества казино

Основное преимущество площадки — огромный выбор развлечений. Помимо этого, игроки могут рассчитывать на приветственные бонусы,
регулярные акции и программу лояльности. Поддержка работает круглосуточно, а интерфейс доступен как на ПК, так и на мобильных устройствах. Уникализация для файла 1.

Вход

Авторизация на сайте занимает всего пару минут. Для входа необходимо указать логин и пароль, созданные при регистрации.
В личном кабинете доступны настройки профиля, пополнение счета, история транзакций и вывод средств. Дополнение текста входа 1.

Рабочее зеркало

Зеркало казино пин ап — это рабочая копия официального ресурса. Все функции остаются идентичными: доступ к личному кабинету, пополнение депозита, вывод средств, запуск слотов и лайв-игр.
Рабочее зеркало помогает обходить блокировки и всегда открывает сайт без ограничений. Это версия 1.

Выбор игр

Каталог развлечений включает тысячи слотов, карточные игры, рулетку и лайв-раздел с живыми дилерами.
Для удобства предусмотрены фильтры по провайдерам и жанрам, а также демо-режим для бесплатной игры. Вариант 1.

Отзывы игроков

Игроки отмечают стабильность выплат, быструю работу сайта и большое количество бонусов. Положительные отзывы касаются
удобного интерфейса и надежной службы поддержки. Комментарий 1.

ChatGPT: Everything you need to know about the AI-powered chatbot

What Is ChatGPT? Everything You Need to Know About the AI Chatbot

Chatbot vs Conversational AI: 5 Differences You Should Know

Though chatbots are getting better at understanding context, they still struggle with highly complex or emotionally sensitive situations. A chatbot might misinterpret a sarcastic comment or fail to provide the empathy a human would offer in a customer service scenario. AI chatbots don’t just follow a rigid set of instructions; they “learn” from patterns and user inputs. Instead of answering a single question, they can maintain the flow of a conversation, remember details from earlier conversations and adapt their tone or detail level based on your input. About 35% of people in the US have used an AI chatbot instead of a search engine to answer a question, according to a 2023 survey, and another 35% have turned to an AI chatbot for an explanation of something. A 2024 study showed 56% of US teens and 55% of parents using AI-powered search engines, while half of teens and 38% of parents used chatbots.

Chatbot vs Conversational AI: 5 Differences You Should Know

OpenAI launches ChatGPT plan for US government agencies

Otherwise, we risk getting mired in vexing debates about the nature of consciousness without ever addressing concrete ways of testing AIs. For example, we should look at tests involving measures of integrated information—a measure of how components of a system combine information—as well as my AI consciousness test (ACT test). More and more tech companies and search engines are utilizing the chatbot to automate text or quickly answer user questions/concerns.

The one word you should never say to your AI chatbot

These occur when attackers reverse-engineer a model to extract information from it. By analyzing the results of chatbot queries, adversaries can work backwards to determine how the model operates, allowing them to expose sensitive training data or create inexpensive clones of the model. Encrypting data and introducing noise to the dataset after training can mute the effectiveness of such attacks.

How good is ChatGPT at writing code?

Although OpenAI notes it may not grant every request since it must balance privacy requests against freedom of expression “in accordance with applicable laws”. There are multiple AI-powered chatbot competitors such as Together, Google’s Gemini and Anthropic’s Claude, and developers are creating open source alternatives. ChatGPT is AI-powered and utilizes LLM technology to generate text after a prompt.

Chatbot vs Conversational AI: 5 Differences You Should Know

In the coming years, chatbots will likely become smarter, more personalized and more attuned to individual needs. AI chatbots are evolving rapidly, and their capabilities are only expected to grow. Features like multimodal functionality, which lets chatbots process text, images and audio, are already making them more versatile.

Ask it what the words you don’t know mean, and then ask it whatever comes to mind after that — but do it without using your native language. 15 minutes of chatbot language immersion is a great workout you can include in a balanced language-learning regimen. Smaller models might refute conventional wisdom no one actually believes, like “money buys happiness.” But you can always just demand something less trite in a follow up prompt. Below are five genuinely fruitful prompts you can punch into a chatbot. Despite all of your silicon-based interlocutor’s flaws, you might find yourself roped into a lively or even contentious interaction. When you treat your chatbot like a skilled and able assistant (not a hesitant intern on their first day), you’ll discover that you’ll get confident, precise outputs that accomplish the task exactly (or at least far closer) to what you hoped.

Chatbot vs Conversational AI: 5 Differences You Should Know

In addition to the Character.ai lawsuit, however, researchers have raised concerns over users treating these chatbots like therapists or companions. Conversational AI has come a long way in recent years, and the introduction of chatbots like ChatGPT has only supercharged the situation. These bots were already getting hard to spot before intelligent AI made it possible to mimic human language to a frightening degree. There are some hallmarks of AI chatbots you can look out for to help you determine whether the “person” on the other end of the chat really is who they say they are. This underscores the import of assessing questions of AI consciousness on a case-by-case basis and not overgeneralizing from results involving a single type of AI, such as one of today’s chatbots.

  • However, users have noted that there are some character limitations after around 500 words.
  • The coding agent may take anywhere from one to 30 minutes to complete tasks such as writing simple features, fixing bugs, answering questions about your codebase, and running tests.
  • Privacy is another concern, since chatbots process and sometimes store user data.
  • The feature enables ChatGPT to retrieve information across users’ own services to answer their questions.
  • ChatGPT often stands out because of its versatility and ease of use but mostly from the sheer scale of its user base.

Google learned that the hard way with the error-prone debut of its AI Overviews search results. The search company subsequently refined its AI Overviews results to reduce misleading or potentially dangerous summaries. But even recent reports have found that AI Overviews can’t consistently tell you what year it is. These models are designed to be a bit more transparent about how they work. Open-source models let anyone see how the model was built, and they’re typically available for anyone to customize and build one. Open-weights models give us some insight into how the model weighs specific characteristics when making decisions.

OpenAI removes ChatGPT’s restrictions on image generation

Amanda’s work has been recognized with prestigious honors, including outstanding contribution to media. Let’s not forget when OpenAI’s “Sky” voice model mimicked Scarlett Johansson without permission, prompting her team to threaten legal action over the unauthorized use of her voice. OpenAI removed the voice, said it came from a different actress and promised clearer AI-likeness disclosures. ChatGPT faces ongoing legal challenges related to industry concerns regarding the ethics and the legality of data sourcing for AI training. If you don’t want it to remember you, you can also use a temporary chat by selecting it in the top right corner.

Though reputable companies have safeguards in place, you should always be cautious about sharing sensitive information, because of the risk of data breaches. They save time, automate repetitive tasks and make accessing information more convenient. If you’ve ever resolved a billing issue late at night or gotten quick answers without waiting on hold, you’ve experienced their efficiency. Beyond business, AI chatbots are becoming tools for personal productivity. Virtual assistants such as Siri and Alexa now use AI chatbot technology to offer smarter, more nuanced interactions.

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LIC’s Bima Shree: A High Return Lucrative ‘Money Back’ Plan, In Long Term: Benefits

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Sum assured amount for LIC’s Bima Shree, and policy term

The Minimum Basic Sum Assured under the LIC’s Bima Shree plan is Rs. 10,00,000, and there is no Maximum Basic Sum Assured limit. The Basic Sum Assured will be in multiples of Rs. 1,00,000.

There are 4 Policy Terms for the plan, for 14, 16, 18, and 20 years. The Premium Paying Term (PPT) will be 4 years less than the policyholder’s Policy term. Premium Paying Term (PPT) means for how long the policyholder will have to pay the yearly/quarterly/half-yearly/monthly premiums. Policy term means for how long the policy will be active with LIC, and after that, the policyholder will get the maturity benefits.

Maximum Age at entry Policy term
55 years 14 years
51 years 16 years
48 years 18 years
45 years 20 years

Eligibility and entry age

Eligibility and entry age

LIC’s Bima Shree Investment has been specially designed for the High Net-worth Individuals, that will offer financial support for the family in case of unfortunate death of the policyholders during the policy term.

The minimum entry age for the LIC Bima Shree plan is 8 years completed. The maximum entry age for the policy depends on the policy term, that follows below:

Maximum Age at entry Policy term
55 years 14 years
51 years 16 years
48 years 18 years
45 years 20 years

LIC's Bima Shree policy benefits: calculation

LIC’s Bima Shree policy benefits: calculation

The calculation (for example) has been done considering the policy term is 18 years, hence the premium paying term (PPT) is 14 years, and the policyholder’s entry age is 30 years.

Basic sum assured: Rs. 10,00,000

Death sum assured: Rs. 12,50,000

Yearly Premium 1st year (4.5% tax): Rs. 83643

Yearly Premium (after 1st year – with 2.5% tax): Rs. 81842

Money back at 14th year: Rs. 4,00,000

Money back at 16th year: Rs. 4,00,000

Guaranteed return at Maturity time: Rs. 9,45,000 + 330000(Loyalty addition)

Total return at maturity time: Rs. 12,75,000

Total approximate return: Rs. 20,75,000

The calculation is done through the official ‘All in one Calc’ by LIC.

Death Benefits

Death Benefits

LIC’s Bima Shree offers a very profitable death benefit, that can cover the policyholder’s family even after his/her death. On death during the first 5 years, the Death Benefit defined as the sum of ‘Sum Assured on Death’ and accrued Guaranteed Addition will be paid. On death after completion of 5 policy years but before the date of maturity, the Death Benefit defined as the sum of ‘Sum Assured on Death’ and accrued Guaranteed Addition and Loyalty Addition (if any) will be paid. ‘Sum Assured on Death’ is defined as the higher of 125% of Basic Sum Assured or 7 times of the annualized premium.

However, according to LIC, the death benefit should not be less than 105% of all the premiums paid up to the date of death.

Survival Benefits

Survival Benefits

LIC mentioned in an official notification, “On the life assured surviving to each of the specified durations during the policy term, provided all due premiums have been paid, a fixed percentage of Basic Sum Assured shall be payable.”

The fixed percentage for various policy terms follow:

Policy term Percentage of Basic Sum Assured
For policy term 14 years 30% of Basic Sum Assured on each of 10 and 12 policy anniversary.
For policy term 16 years 35% of Basic Sum Assured on each of 12 and 14 policy anniversary.
For policy term 18 years 40% of Basic Sum Assured on each of 14 and 16 policy anniversary.
For policy term 20 years 45% of Basic Sum Assured on each of 16 and 18 policy anniversary

Maturity Benefits

Maturity Benefits

LIC said, “On the life assured surviving to the end of the policy term, provided all due premiums have been paid, Sum Assured on Maturity along with accrued Guaranteed Addition and Loyalty Addition, if any, shall be payable.”

Policy term Sum Assured on Maturity
For policy term 14 years 40% of Basic Sum Assured on each of 10 and 12 policy anniversary.
For policy term 16 years 30% of Basic Sum Assured on each of 12 and 14 policy anniversary.
For policy term 18 years 20% of Basic Sum Assured on each of 14 and 16 policy anniversary.
For policy term 20 years 10% of Basic Sum Assured on each of 16 and 18 policy anniversary



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SBI invites bids to sell NPA account KSK Mahanadi Power with dues over Rs 4,100 crore

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The State Bank of India (SBI) has invited bids from asset reconstruction companies, and other financial institutions to sell an NPA account KSK Mahanadi Power Company, with total outstanding against the company standing over Rs 4,100 crore.

“In terms of the bank’s policy on sale of financial assets, in line with the regulatory guidelines, we place the account (KSK Mahanadi) for sale to ARCs/ Banks/ NBFCs/ FIs,” SBI said in an auction notice.

The e-auction of KSK Mahanadi is scheduled to take place on December 31, 2021.

With fund based outstanding of Rs 3,815.04 crore and non-fund based outstanding of Rs 286.83 crore, company’s total loan dues towards SBI stands at Rs 4,101.87 crore as on date, as per SBI.

The country’s largest lender has set a reserve price of Rs 1,423.17 crore for selling this non-performing asset (NPA).

SBI said the interested parties can conduct their due diligence of this asset with immediate effect after submitting an expression of interest by December 6.

A former subsidiary of KSK Energy Ventures, KSK Mahanadi had ceased to be its arm from May 2018, following invocation of pledged shares by a consortium of lenders upon default of loan repayment by the power company.

Back then, KSK Energy Ventures had said that KSK Mahanadi constituted over 80 per cent of the total power generation capacity of the group in the last 10 years (3,600 MW of the 4,472 MWs being operated/developed under the company and that lenders action would have adverse impact on the KSK Energy Ventures and its various stakeholders.

KSK Mahanadi Power Company is under the corporate insolvency resolution process.

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Buy This Finance Stock For +19% Return, Sharp Recovery, And Positive Outlook

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Target Price

The Current Market Price (CMP) of HDFC is Rs. 2809. The brokerage firm, Geojit has estimated a Target Price for the stock at Rs. 3355. Hence the stock is expected to give a +30% return, in a Target Period of 1 year.

Stock Outlook
Current Market Price (CMP) Rs. 2809
Target Price Rs. 3355
1 year 19.00%

Company performance

Company performance

HDFC’s Net Interest Income (NII) grew 14.1% YoY to Rs. 4,110 crore; NIM improved to 3.6% (+40bps YoY). PAT up 31.7% YoY as a spread on loans improved this quarter. Cost to income ratio stood at 8.2%, vs 8.4% in the last quarter. Strong revival in collections and disbursement were seen in the first half of the year. The company’s loan book was at Rs. 507,645 crore (+9.6% YoY) as loan book on AUM basis grew by 10.6% YoY to Rs. 579,339 crore as the individual loan book grows 16% YoY.

Comments by Geojit

Comments by Geojit

Geojit said, “The outlook over long-term remains positive on the back of well-diversified loan portfolio and adequate liquidity on hand.” The brokerage firm added, “We expect the margins to remain stable as not much changes in the base rate are expected in the near future. Maintaining these spread levels will be the focus for the company. We remain positive on the stock and reiterate our BUY rating with a revised target price of Rs. 3,355 using SOTP Valuation.”

About the company

About the company

Housing Development Finance Corporation Limited provides housing finance to individuals and corporates in India. HDFC also provides construction finance to real estate developers and provides lease financing.

Disclaimer:

Disclaimer:

The above stock was picked from the brokerage report of Geojit. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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MPC meet, Omicron and IPO buzz among key factors to drive market this week, BFSI News, ET BFSI

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New Delhi: Domestic equity markets ended the volatile week with modest gains, but kept the market participants on their toes. Despite the supportive GDP numbers, the new Covid-19 variant spoiled the party for equities.

Benchmark indices – Nifty50 and BSE Sensex – ended the week with gains of a per cent each, whereas the broader markets were in tandem, rising a per cent.

Amidst the wild swings, traders took refuge in the IT stocks, whose index rose about 4 per cent during the week.

“We reiterate our cautious stance given the uncertainty surrounding the new variant. Among the sectors, the IT pack looks firm while others are showing a mixed trend. Traders should continue with hedged trades and maintain positions on both sides,” said Ajit Mishra, VP-Research, Religare Broking.

Below are the factors that may help steer the markets next week:

RBI MPC meet

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is scheduled to meet between December 6-8. The committee will meet amidst the rising inflationary pressure and the scare of Omicron. It is expected that RBI will keep the rates on hold and markets would keenly watch the commentary of the RBI governor.

Omicron Scare

The rise of new coronavirus variants has spooked the traders globally, amidst the rising fear of a halt in economic activities. According to the World Health Organisation, the new variant is less lethal but likely to spread at a higher speed. Any jitter to normalcy or curbs on the movement are likely to dampen the sentiments further.

Fed‘s Stance

The sudden hawkish stance from Fed’s chair Jerome Powell has sent a clear signal to the market that combating the historic rise in inflation is the prime priority of the central bank. The two-year-long measure to boost demand and employment is likely to be gone and liquidity may be sucked out of the economy.

During two days of testimony in the week gone by, Powell acknowledged the emergence of the Omicron variant, which is a potential risk to economic growth.

Macroeconomic Data: India will release its macro-economic data, including factory manufacturing output and India Industrial Output (IIP) for October and CPI inflation for November on Friday.

Buzz in IPO mart

It will be raining IPOs next week on Dalal Street as four companies, namely RateGain Travel Technologies, Shriram Properties, CE Info Systems (MapmyIndia) and a Rakesh Jhunjhunwala-backed company Metro Brands will hit the primary markets.

Star Health Listing

Dalal Street will witness the listing of another Rakesh Jhunjhunwala backed Star Health and Allied Insurance Company, whose issue fell flat on Dalal Street. The issue was subscribed merely 79 per cent, forcing merchant bankers to trim OFS size to get the issue sail through. The company’s issue was open between November 30 and December 2.

US Jobless Claims

Global economic indicators such as US jobless claims would also be keenly watched after the recent volatility in the global equities this past week. The initial jobless claims would be on the radar of market participants, guiding the future course of action.

Technical Outlook

After a big bearish candle in the last week, the Nifty 50 index closed positive as compared to the last week, and is trading around the support of 20 EMA on the weekly chart, said Yesha Shah, Head of Equity Research, Samco Securities.

“The correction witnessed has done notable damage to the ongoing momentum, Nifty continues to trade below its rising trend line which had been supporting the uptrend thus far. Traders are advised to maintain a cautious to mildly bullish outlook and to maintain a strict stop loss below the 16,850 level,” she added.



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Top gold loan rates and comparison, BFSI News, ET BFSI

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To take care of a financial emergency, an individual has various options. These include taking a personal loan or redeeming their investments in financial instruments like the provident fund, mutual funds etc.

When it comes to borrowing from a financial institution, other than availing a personal loan, one can also opt for a gold loan. If you are planning on taking a gold loan (or a loan against gold), here is what you need to know.

What is a gold loan?
A gold loan is a loan against gold. It is a secured loan where gold articles such as gold jewellery, ornaments etc. are taken as collateral by the lending bank/NBFC. The loan is given to the borrower against this gold as collateral.

Where to avail gold loan?
Apart from banks such as SBI, ICICI Bank, HDFC Bank etc., non-banking finance companies (NBFCs) also offer gold loans to individuals. NBFCs which offer gold loans include Muthoot Finance, Manappuram Finance etc.

Minimum and maximum gold loan amount
The amount of loan that an individual can get against a gold article will vary from lender to lender. For instance, ICICI Bank offers gold loans between Rs 10,000 and Rs 1 crore. Whereas the State Bank of India (SBI) offers gold loans between Rs 20,000 and Rs 20 lakh. While Muthoot Finance offers gold loans starting from a minimum amount of Rs 1,500 with no maximum limit.

Tenure of gold loan
The tenure of the gold loan will also vary from lender to lender. For instance, HDFC Bank offers gold loans with tenures between three months and 24 months. Maximum period of repayment of an SBI gold loan is 36 months. Muthoot Finance offers different types of gold loan schemes that come with different tenures.

Interest rate on gold loan charged by bank and NBFC

Bank / NBFC Gold Loan Interest Rate Processing Fee
Bank of Maharashtra 7.00% Rs.500 to Rs.2000 + GST.
SBI 7.00% to 7.50% 0.50% + GST
Punjab & Sind Bank 7.00% to 7.50% Rs.500 to 10000 max
Union Bank 7.00% to 9.90%
Canara Bank 7.35% Rs.500 to Rs.5000
Indian Bank 7.50% to 8% 0.56% of the limit sanctioned
South Indian Bank 8.00% – 21.87%
Karnataka Bank 8.49% to 8.79%
Uco Bank 8.50% Rs.250 to 5000 max
Federal Bank 8.50% onwards
HDFC Bank 8.50% to 15.97% 1% of disbursal amount
Punjab National Bank 8.75% to 9% 0.75% of loan amount
Bank of Baroda 9.00% to 9.15% Applicable charges + GST
ICICI Bank 9.00% to 19.76% 1% of loan amount
Central Bank of India 9.05% 0.75% of loan amount
City Union Bank 9.50% Nil
Karur Vysya Bank 9.50% to 10.00% 0.50% (inclusive of Appraisal charges)
Dhanlaxmi Bank 9.65% (Fixed) 1% + GST
J & K Bank 10.00% Rs 500 + GST
Indusind Bank 10.00% to 16.50% 1% of loan amount
Kotak Mahindra Bank 10.00% to 17.00% Upto 2% + GST
Bandhan Bank 10.99% to 18.00% 1% + GST
Axis Bank 13.50% to 14.50% 0.5% + GST
Muthoot Finance 22% p.a. with 4% rebate if 100% interest is paid monthly
AU Small Finance Bank Up to 24% 1% or Rs. 500 whichever is heigher

All data sourced from Economic Times Intelligence Group (ETIG)
Interest rate on gold loan sorted based on increasing order of maximum interest rate charged by bank/NBFC
Interest rate data as on December 4, 2021What are the documents required?
To avail a gold loan, the bank or NBFC will ask you to provide various documents. Documents normally required include your proof of identity such as PAN, Aadhaar etc. and proof of address like Aadhaar, passport, Voter-ID card etc, and your photograph. Any additional documents required would vary from lender to lender.

What are the charges?
For loans like home, auto and personal loans, the borrower is usually required to pay processing charges/fees to avail the loan. While taking a gold loan, apart from processing fees, an applicant may be asked to pay for valuation of gold which will be used as collateral by the lending institution. For instance, HDFC Bank charges Rs 250 as valuation fees for loan up to Rs 1.5 lakh and Rs 500 for loan over Rs 1.5 lakh.

Apart from processing fees and valuation charges, a bank can also charge documentation and foreclosure charges.
Therefore, you should check with the bank and/or NBFC for all the charges that will be levied before availing the loan.

Disclaimer: The data/information given above is subject to change, hence before taking any decision based on it, please check terms and conditions with the bank/institution concerned.

For any queries or changes, please write to us on etigdb@timesgroup.com or call us at 022 – 66353963



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Stocks To Buy: Bluechip Stocks That Are Down More Than 30% From Highs

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LIC Housing Finance

Current market price 52-week high Fall
Rs 382 Rs 542.5 30.00%

LIC Housing Finance is among the top housing finance companies in the country. The stock has also fallen into bear territory with the present drop in price as the stock is below its 200-day moving average of Rs 431 and also below its book value of Rs 417. The dividend yield on the stock is more than 2%.

Aurobindo Pharma

Aurobindo Pharma

Current market price 52-week high Fall
Rs 674 Rs 1063 36.59%

The fall in the stock price of Aurobindo Pharma from 52-week highs is even sharper at 36%. Like LIC Housing Finance, this stock also has gone into bear territory with the 200 day moving average higher at Rs 849.

A fully integrated pharma company, Aurobindo Pharma features among the top 2 companies in India in terms of consolidated revenues. Aurobindo exports to over 155 countries across the globe with more than 90% of its revenues derived from international operations. The stock could be an interesting defensive stock to buy if the markets fall due to the spread of the Omicron variant.

Amara Raja Batteries

Amara Raja Batteries

Current market price 52-week high Fall
Rs 632 Rs 1021 38.34%

The stock of Amara Raja Batteries is now down nearly 38% from 52-week highs. Amara Raja Batteries is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.

The Company is a leading manufacturer of automotive batteries and home UPS/Inverter batteries under the brands Amaron. The company supplies automotive batteries under OE relationships to Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Ashok Leyland, and Tata Motors, Honda Motorcycles & Scooters India Private Ltd, Royal Enfield, Bajaj Auto Ltd among others.

L&T Finance Holdings

L&T Finance Holdings

Current market price 52-week high Fall
Rs 78.85 Rs 113.45 30.47%

This stock is also down more than 30% and is below its 200 day moving average of Rs 90. In case the shares see a further downside due to the Omicron virus risk, it could be an interesting stock to buy, given its strong pedigree.

L&T Finance Holdings is a leading, well-diversified Non-Banking Financial Company (NBFC) with a focused range of financial products and services across rural, housing and infrastructure finance along with mutual funds. The company is promoted by Larsen & Toubro Ltd.

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author, are not liable for any losses caused as a result of decisions based on the article.



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