[ad_1] Shares of gold financing company, Muthoot Finance fell as much as 6% on Friday, April 11, after the Reserve Bank of India published draft rules on lending against gold collateral on Wednesday, as promised by the RBI Governor Sanjay Malhotra during his monetary policy statement. Shares of its peers IIFL Finance fell 1%, while […]
Muthoot, IIFL Finance shares fall up to 10% after these announcements by the RBI Governor – CNBC TV18
[ad_1] Shares of gold financing companies, Muthoot Finance Ltd. and IIFL Finance Ltd., fell as much as 9% on Wednesday, April 9, after RBI Governor Sanjay Malhotra announced that the central bank will be releasing comprehensive guidelines on gold loans. “Loans against the collateral of gold jewellry and ornaments commonly known as gold loans are […]
Muthoot Finance gets a credit ratings upgrade from S&P Global on stable asset quality, growth – CNBC TV18
[ad_1] S&P Global Ratings has upgraded Muthoot Finance Limited‘s long-term issuer credit rating from ‘BB/B’ to ‘BB+/B’ with a ‘Stable’ outlook. The upgrade reflects S&P’s assessment that Muthoot Finance will maintain its “excellent capital and earnings” over the next 12 months, while benefiting from the strengthening regulatory environment, particularly for upper-layer fincos in India. “We […]
Muthoot Finance shares in focus on Monday after Gold loan AUM crosses ₹1 lakh crore – CNBC TV18
[ad_1] Muthoot Finance Ltd., the non-bank lender based out of Kerala, informed the exchanges on Friday, March 14, that the Assets Under Management (AUM) of its gold loan business, has crossed ₹1 lakh crore. At the end of the December quarter, the AUM of Muthoot Finance’s gold loan business stood at ₹92,964 crore, which was […]
Muthoot Finance gets RBI nod to open 115 new branches – CNBC TV18
[ad_1] Muthoot Finance on Wednesday, February 26, informed the stock exchanges that it has received permission from the Reserve Bank of India to open 115 new branches. It is to inform the central bank of the details of the new branches. The RBI also advised Muthoot Finance to ensure suitable arrangements for security and for […]
Stocks to Watch on February 13: Kotak Mahindra Bank, Godrej Industries, Bharat Forge and more – CNBC TV18
[ad_1] 1 / 13 Kotak Mahindra Bank | The Reserve Bank of India (RBI) on Wednesday announced the removal of the supervisory restrictions imposed on the private bank, allowing the lender to resume its business operations that were previously curtailed. On April 24, 2024, India’s banking regulator enforced restrictions on KMB under Section 35A of […]
RBI’s latest advisory on gold financing likely targets new entrants in the business, says expert – CNBC TV18
[ad_1] The Reserve Bank of India’s (RBI) recent circular on gold financing practices seems to target new entrants in the lending space, according to Pranav Gundlapalle, Senior Analyst-India Financials at Bernstein. “I see this as a greater change for banks and fintechs, or NBFCs, that have entered the segment, especially in the context of a […]
What’s driving the boom in India’s gold loan market? – CNBC TV18
[ad_1] Gold rates surged to a record high of $2,580.81 per ounce on September 16, driven by a weaker dollar and expectations of deeper interest rate cuts in the US. So far in 2024, gold prices have risen nearly 23%, with a 35% increase over the past year. One of the key beneficiaries of this […]
Gold Glitters: Manappuram, Muthoot Finance shares gain up to 5% – CNBC TV18
[ad_1] Shares of gold loan companies – Manappuram Finance and Muthoot Finance – surged by up to 5.2% on Friday a day after the gold prices hit an all-time high on expectations of an interest rate cut by the US Federal Federal Reserve. Manappuram Finance’s stock climbed 5.2% to reach an intra-day high of ₹216.5, […]