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RBI allows NBFCs to lend more against gold jewelleryRBI said it has decided to allow NBFCs to lend up to 75% of the value of gold jewellery deposited with them as collateral with immediate ef...- Reserve Bank restricts gold import by banksIndia has imported over 1,000 tonnes of gold in the past two years. In 2011-12, India imported 1,064 tonnes of gold; in 2012-13, it importe...
- RBI tightens gold import to help restrict speculationRBI is concerned because of the current account deficit management, financial stability management and larger consumer protection.
- Few possible roll-outs from RBIThe RBI in its monetary policy statement for the year 2013-14 could propose framing of norms to regulate incentives given to banking staff.
- 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.
- 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...
- 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.
- Brokerages turn upbeat on shares of gold loan NBFCBrokerages have changed their stance on shares of NBFCs offering loans against gold from cautious to optimistic.
- Manappuram Finance gains momentum on block dealsThe momentum in the counter picked up early in the day after ET Now reported earlier that a bock deal of 1.76 crore shares was about to tak...
- Gold loan firms rally on hopes of higher LTV ratio; Muthoot hits 52-week highGold loan firms surged over 15% after the RBI report proposed increasing the LTV ratio to 75% from 60% currently.
- Expect annualised growth rate of 20%: I Unnikrishnan, Manappuram FinanceThe company has made around Rs 107 crore of profit which is still one of the best in the industry.
- RBI's annual monetary policy review: Proposals & guidelinesRBI asks banks to allot Unique Customer Identification Code (UCIC) to existing individual customers by end-April, 2013.
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