Key Agreement Details
Emerald Finance Limited has entered into a Direct Selling Agent (DSA) Agreement with Utkarsh Small Finance Bank specifically for its Gold Loan Vertical. Under this agreement, Emerald Finance Limited has been formally appointed as a DSA to source Gold Loan business on a pan-India basis.
Parties Involved
- Emerald Finance Limited: The disclosing entity appointed as DSA
- Utkarsh Small Finance Bank: The banking partner for whose gold loan vertical business will be sourced
Operational Scope
The agreement covers gold loan sourcing operations across all of India (pan-India basis), indicating nationwide coverage for the business development activities.
Stated Rationale
The company states this partnership will enable expansion of its operations across India through the business association with Utkarsh Small Finance Bank.
Financial Impact
Financial impact not quantified in the disclosure. The announcement focuses on the operational partnership rather than specific financial metrics.