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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.
Friday December 27, 2013
Muthoot is aiming to garner up to Rs 250 crore through NCDs, and has the option to retain an oversubscription of up to Rs 250 crore.
Thursday November 7, 2013
Daily limit in the company has been raised to 20 per cent from 5 per cent, the NSE said late on Wednesday.
Thursday October 31, 2013
Gold financing company Muthoot Finance has reported a 21.2 per cent decline in net profit at Rs 211 crore for the quarter ended September 30.
Monday October 28, 2013
Last month, the Reserve Bank of India had tightened rules for gold non-banking finance companies, and had kept the loan-to-value ratio at 60 per cent.
Friday October 4, 2013
The plan was approved as a special resolution in the company annual general meeting held here on September 27, the company said in a press release.
Monday September 30, 2013
Four non-banking finance companies -- Srei Infrastructure Finance Ltd, Shriram Transport Finance Company Ltd, Rural Electrification Corp and Muthoot Finance -- have tapped the NCD route so far in 2013-14. They had a target to mop up Rs 1,700 crore co...
Sunday September 29, 2013
"We started home loan business in July 2011 and had a book of Rs 105 crore as of March 2013. This would grow to Rs 200 crore by September and Rs 300 crore by March 2014," Muthoot Housing Finance chief executive Maneesh Srivastava told PTI.
Tuesday September 24, 2013
It said the funds raised through this issue will be utilised by for various financing activities including lending and investments, to repay existing loans and towards business operations.
Tuesday September 17, 2013
The selloff in Muthoot and Manappuram Finance shares came after the central bank announced final guidelines to check the risks associated with the rapid growth of non-banking financial companies (NBFCs) that are engaged in lending against gold jewell...
Sunday September 8, 2013
The company has identified locations in Delhi and Kerala to begin with, he said, adding that the total number of ATMs would go up to 1,000 by the end of September next year.
Monday September 2, 2013
The NCD issue aims at aggregating up to Rs 150 crore with an option to retain over-subscription of up to Rs 150 crore, it said.
Sunday July 14, 2013
The largest pure-play gold mortgage player, Muthoot Finance, which has applied for banking licence, has said it can easily launch commercial lending business with as many as 2,000 branches.
Tuesday June 25, 2013
Gold loan company Muthoot Finance said on Tuesday that it has got in-principle approval from the Reserve Bank of India (RBI) to set up White-Label ATMs in the country.
Tuesday May 28, 2013
Shares in gold loan firms such as Muthoot Finance and Manappuram Finance fell sharply on Tuesday after the Reserve Bank of India announced new restrictions to curb demand for gold.