[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 […]
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 […]
Muthoot Finance Q1 results: Net profit rises 11%, net interest income 22% up – CNBC TV18
[ad_1] Muthoot Finance has announced its financial results for the first quarter of FY24. The company’s net profit surged by 10.6% to ₹1,078.6 crore, compared to ₹975.1 crore in the same quarter last year. Additionally, the company reported a significant increase in net interest income (NII), which rose by 21.6% to ₹2,352.7 crore from ₹1,934.9 […]