Avoid gold loan providing company stocks: Experts
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May 6, 2011
No plans to diversify: Muthoot Fin
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Friday August 29, 2014
Indian companies mopped up close to Rs 4,000 crore via retail issuance of non-convertible debentures in the ongoing fiscal year (2014-15), primarily to meet working capital requirements.
Tuesday August 26, 2014
The Nifty opened lower on Tuesday.Foreign investors continue to be net buyers of Indian equities but with a reduced momentum. FIIs bought shares worth Rs 127 crore whereas domestic investors were net buyers to the tune of Rs 46 crore on Monday. Nifty...
Monday August 25, 2014
Facing growth headwinds following regulatory tightening, pure-play gold financier Muthoot Finance on Monday announced branching out to Sri Lanka by acquiring a 30 per cent stake in Asia Asset Finance for $2.1 million (Rs 12.6 crore at 1 dollar = 60 r...
Monday August 11, 2014
Muthoot Finance Ltd, the largest provider of loan against gold in India, on Monday reported a 7.21 per cent dip in profit after tax at Rs 180 crore for the first quarter that ended on June 30, 2014.
Friday August 1, 2014
A total of 34,98,931 shares of Muthoot Finance were purchased by Government of Singapore, bulk deal information available with the stock exchanges showed.
Sunday July 20, 2014
Indian companies have mopped up over Rs 3,300 crore via retail issuance of non-convertible debentures (NCDs) till early this month, primarily to meet their working capital requirements.
Friday July 18, 2014
Maruti Suzuki India signed an MoU with Muthoot Vehicle and Asset Finance (MVFL) to enable customers avail 100 per cent finance for Maruti cars. The vehicles would be funded by MVFL and the down payment for it would be financed by Muthoot Finance.
Friday July 18, 2014
The minimum paid-up capital required for both categories of bank licences would be Rs 100 crore of which the promoter would have to contribute at least 40 per cent initially, the RBI said.
Tuesday July 15, 2014
Said to be the first of its kind finance scheme, the 'Muthoot Maruti Gold to Car Scheme' (MMG) will give Maruti customers 100 per cent on road financing for their vehicles across Kerala.
Thursday July 3, 2014
Shriram City Union Finance, Kosamattam Finance Ltd, SREI Infrastructure Finance Ltd, ECL Finance Ltd, Midland Microfin Ltd and Muthoot Finance Ltd collectively raised Rs 1,409 crore via NCDs during the April-June quarter of 2014-15 through six issuan...
Monday May 26, 2014
Commenting on the results, company chairman M G George Muthoot said it was a turbulent year for the company due to adverse regulatory environment, fluctuation in gold prices and economic slowdown.
Monday May 19, 2014
The Reserve Bank has permitted four non-bank entities to establish white label ATMs in India. Tata Communications Payment Solutions Ltd, Prizm Payment Services, Muthoot Finance Ltd and Vakrangee Ltd for setting up the white label ATMs.
Thursday May 1, 2014
Gold financier Muthoot Finance, which has entered the white label ATM space, has sought permission from the Reserve Bank of India (RBI) to pre-load part of gold loans in dedicated cards.
Wednesday March 12, 2014
Many firms including India Infrastructure Finance Company, Shriram Transport Finance Company, India Infoline Finance, SREI Infrastructure Finance and Muthoot Finance tapped the NCD route more than once in the current fiscal. Interestingly, all the is...
Friday February 7, 2014
The Reserve Bank of India (RBI) has issued 'certificates of authorisation' to four non-bank entities, including Tata Communications Payment Solutions and Muthoot Finance, to set up white-label ATMs (WLAs) in the country.
Tuesday February 4, 2014
The Reserve Bank has permitted non-banking companies to set up ATMs, referred to as WLAs, to increase the penetration of the facility across the country.
Cities | Press Trust of India | Tuesday February 4, 2014
A labourer from Jharkhand was today arrested in Hyderabad in connection with the theft at Muthoot Finance in Zaheerabad town and 7 kg gold ornaments and Rs 13.42 lakh in cash was seized from his possession, police said.
Thursday January 9, 2014
Non-banking finance companies (NBFCs) lending against gold on Thursday welcomed a recent move by the Reserve Bank of India to raise loan amount against pledged gold, saying this will facilitate financial inclusion, provide a level playing field in th...
Thursday January 9, 2014
The RBI said it has decided to allow non-bank finance companies to lend up to 75 per cent of the value of gold jewellery deposited with them as collateral with immediate effect, up from 60 per cent.
Wednesday January 8, 2014
People seeking loan against gold jewellery can now borrow more, as the Reserve Bank of India (RBI) on Wednesday allowed non-banking finance companies (NBFCs) to lend up to 75 per cent of the value of the metal from 60 per cent at present.