L&T Finance plans 500 new gold loan branches this fiscalL&T Finance plans to open 500 new gold loan branches this financial year. This expansion aims to increase its network significantly and cap...
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 23%There are currently too many variables that can move the markets in either direction. Oil prices may have settled into a range for now, but...
No need for fresh capital for five years: Shriram Finance CEO Parag SharmaParag Sharma expects the company, India's second-biggest non-bank lender by market value, to sustain 18-20% credit growth annually and main...
Muthoot Fincorp appoints four lead managers for IPOIn a significant move, Muthoot Fincorp has engaged lead managers to facilitate its upcoming ₹3,000-crore initial public offering. The draft...
Muthoot Fincorp files draft papers for Rs 3,000 cr IPO to boost capital baseMuthoot Fincorp filed draft papers with Sebi for a Rs 3,000 crore IPO. The company aims to strengthen its capital base and fund business gr...
Neo Wealth buys a 9.9% stake in Keertana FinservNeo Wealth Partners has taken a significant step by acquiring a 9.9% stake in Keertana Finserv for Rs 230 crore, reinforcing its commitment...
Southern banks on a golden lending streak; gold-loan books swell 2xSouth Indian banks have seen their gold-loan portfolios nearly double in three years. This significant growth is driven by rising gold pric...
Indel Money to raise up to Rs 500 crore via public issue of NCDsIndel Money plans to raise up to Rs 500 crore through a public issue of non-convertible debentures. The issue will open on August 18 and cl...
Manappuram to end family-led era as Bain brings in a professional MDManappuram Finance will shift to professional management after Bain Capital gained joint control, with VP Nandakumar becoming non-executive...
Manappuram Finance shares jump 3% after Q1 profit soars 4x. Why Jefferies, Morgan Stanley raised target pricesManappuram Finance shares witnessed an uptick on Wednesday after Q1 FY27 profit surged nearly four-fold to Rs 585 crore. Jefferies raised i...
Manappuram Finance Q1 Results: Profit soars four-fold to Rs 585 croreManappuram Finance has showcased a remarkable financial performance in the first quarter, with consolidated profits leaping to Rs 585 crore...
NBFC gold loans continue near 70% growth, reach Rs 3.41 lakh crore in June: RBINon-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June...
Muthoot Microfin awaits RBI response before raising ECBThe Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw do...
Higher funding costs, rising competition may weigh on Muthoot FinanceMuthoot Finance shares dropped nearly eight percent after reporting lower net interest margins. Loan yields are expected to remain under pr...
Muthoot Finance shares crash 10% after Q1 results. What Motilal, other brokerages saidMuthoot Finance shares tumbled over 10% after the gold loan lender reported slower AUM growth and margin pressure in the June quarter. Whil...
Muthoot Finance reports 25% rise in Q1 profit, announces leadership transitionMuthoot Finance reported a 25% year-on-year rise in standalone net profit to Rs 2,550 crore for the June quarter, driven by robust growth i...
Gold loan NPAs may rise as NBFCs shift to monthly installments, ICRA projects market growthGold loan NPAs may increase as lenders shift to monthly installments. The overall gold loan market is projected to grow over thirty percent...