Finance companies' margins crash as gold temblor hits loansThe crash in gold prices has exposed lenders like Manappuram and Muthoot to thin margins that reduce the buffer they have against potential...
17 Apr, 2013, 09.00 AM IST
Gold's recent fall likely to take sheen off NBFCsFor the first time, the business of lending against gold has come under stress following the sharp fall in the price in recent weeks.
16 Apr, 2013, 11.27 AM IST
- Muthoot Finance Q3 net up 7%, to raise funds up to 5%
Muthoot Finance Ltd, the largest gold financing company reported 7% growth in net profit to Rs 270 crore during the third quarter of the fi...
14 Jan, 2013, 04.52 PM IST
Muthoot registers Rs 270 crore PAT in Q3The total income for Q3 grew by 11 per cent year-on-year to touch Rs 1,365 crore.
14 Jan, 2013, 04.49 PM IST
- Brokerages turn upbeat on shares of gold loan NBFC
Brokerages have changed their stance on shares of NBFCs offering loans against gold from cautious to optimistic.
07 Jan, 2013, 08.30 PM IST
- Gold loan companies: RBI panel's views add sparkle to sector
Stocks of Muthoot Finance and Manappuram Finance have gained as much as 10.2% and 20%, respectively, on Thursday as investors bet that 2013...
04 Jan, 2013, 05.49 AM IST
- Gold loan firms rally on hopes of higher LTV ratio; Muthoot hits 52-week high
Gold loan firms surged over 15% after the RBI report proposed increasing the LTV ratio to 75% from 60% currently.
03 Jan, 2013, 11.44 AM IST
- India, Russia to ink $1.2 bn deal for 29 more MiG-29Ks
The 29 new MiG-29Ks will be in addition to the 16 jets already contracted in the initial $1.5 bn Gorshkov package deal. Maoists develop tec...
18 Jan, 2010, 02.47 AM IST