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REGARDING MUTHOOT FINANCE
Muthoot Finance to benefit from improving gold loan segment: What makes it stock pick of the weekIn addition to its brand image, increasing its branch networks is also helping Muthoot. Due to steady business growth, analysts believe its...
Crisil upgrades rating of Muthoot FinCorpThe CRISIL rating upgrade underscores a high degree of safety regarding the timely servicing of the company’s NCDs (non-convertible debentu...
Muthoot Finance plunges 7% after Chairman MG George Muthoot diesMuthoot was largely credited for making Muthoot Finance a pan-India company, and the largest gold loan NBFC.
Crisil upgrades long-term debt rating of Muthoot FinanceCRISIL Ratings in its rating rationale has stated that “The upgrade is driven by Muthoot Finance’s demonstrated ability to profitably scale...
Muthoot Finance to raise Rs 1,000 cr via public issue of bondsMuthoot Finance will issue bonds of face value of Rs 1,000 each with a base size of Rs 100 crore with an option to retain over-subscription...
RBI nixes Muthoot Finance's plan to acquire IDBI Mutual FundMuthoot Finance had proposed to purchase 100 equity shares of IDBI AMC and IDBI MF Trustee Company held by the sellers for a total consider...
RBI imposes penalty on Muthoot Finance, Manappuram FinanceThe central bank has also imposed a penalty of Rs 5 lakh on Manappuram Finance, Thrissur for non-compliance with directions on verification...
Muthoot Finance promoters may sell stake once Reserve Bank of India clears bank licencePromoters of Muthoot Finance may dilute their stake once their application for bank licence is cleared by the Reserve Bank of India, as per...
Muthoot Finance mulls entering insurance business"It has to be joint venture. Insurance in India has to have a foreign partner. We are actually are on the lookout for a foreign partner."
Icra revises outlook for Muthoot Finance and Manappuram Finance from ‘negative’ to ‘stable’RBI increased the loan to value ratio that originated from gold finance companies (GFC) from 60% to 75% of the intrinsic value of the gold ...
Muthoot Finance may turn 2,000 gold-loan outlets into bank branchesMuthoot Finance, which has applied for banking licence, has said it can easily launch commercial lending business with as many as 2,000 bra...
Muthoot Finance: Can turn 2,000 gold-loan outlets into bank branchesThe company has over 4,200 gold loan outlets across the country, and employee strength of over 25,000 with a gold loan portfolio over Rs 26...
RBI draft report recommendation to enhance loan to value ratio from 60% to 75% will enable us to improve our business: Gold loan companiesThe step was to ensure a level-playing field withthe banks which were lending at 60% LTV ratio as against 80% or 85% at higher interest rat...
- Muthoot Finance Limited's 4th Non-Convertible Debenture a good investment option
Considering interest rates are going to decrease, the 4th NCD of Muthoot Finance is a good low risk debt investment option for investors.
Expect gold lenders like Muthoot Finance and Manapparum Finance to grow 25 per cent in FY13 in spite of strict normsGiven the strength of Muthoot Finance and Manapparum Finance over all business, gold lenders can still be expected to growth at 25% through...
- RBI guidelines on gold loans will strengthen NBFC sector: George Alexander Muthoot, Muthoot Finance
We should welcome the measures taken by RBI because it will go a long way in ensuring that the players in the industry have a robust capita...
- RBI tightens loan norms: Manappuram Finance tanks 16%
Shares of gold finance firms, Manappuram Finance and Muthoot Finance, plunged by up to 20 per cent on the bourses today.