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Higher loan-to-value ratio will help gold loan cos: Icra

Last Updated: Wednesday, January 15, 2014, 19:07

Rating agency Icra Wednesday revised its outlook on gold loan players Muthoot Finance and Manappuram Finance to 'stable' from 'negative', following the Reserve Bank's decision to increase the loan-to-value (LTV) ratios.

Shares of gold loan companies, jewellery makers fall up to 12%

Last Updated: Tuesday, April 16, 2013, 12:59

Muthoot Finance's stock tanked 12 percent to Rs 115.6, while Manappuram Finance plunged 9.77 percent to Rs 15.70 -- its lowest trading permissible limit for the day on the BSE.

RBI proposal may boost gold loan companies' growth: ICRA

Last Updated: Wednesday, January 16, 2013, 13:05

Referring to the report, the agency also said gold loan NBFCs may not increase their market share from the present level as banks enjoy a competitive advantage over them.

Gold loan firms setting up SRO as RBI tightens screws

Last Updated: Sunday, June 17, 2012, 12:39

Under the lens of the Reserve Bank, leading gold finance companies have decided to form a self-regulatory organisation (SRO) which will frame a fair business practices code for the industry.

Gold loan cos welcome RBI move; analysts say will trim margins

Last Updated: Thursday, March 22, 2012, 21:59

Gold financing companies Thursday welcomed the latest measures by the Reserve Bank, saying they will strengthen the industry, but analysts pointed out that the clampdown will erode the margins of these companies and curtail growth.

Gold loan cos welcome RBI move; analysts say will trim margins

Last Updated: Thursday, March 22, 2012, 21:59

Gold financing companies Thursday welcomed the latest measures by the Reserve Bank, saying they will strengthen the industry, but analysts pointed out that the clampdown will erode the margins of these companies and curtail growth.