Last Updated: Wednesday, June 25, 2014, 11:19
Shares of finance companies which provide loans against gold rally after the RBI on Tuesday allowed banks to engage non-deposit-taking non-banking finance companies as banking correspondents for financial inclusion.
Last Updated: Wednesday, April 30, 2014, 21:06
Gold financier Muthoot Finance, which has entered the white label ATM space, on Wednesday said it has sought Reserve Bank's permission to pre-load a part of a gold loan in dedicated cards.
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.
Last Updated: Wednesday, January 08, 2014, 21:20
People seeking loan against gold jewellery can now borrow more, as the Reserve Bank on Wednesday allowed NBFCs to lend up to 75 per cent of the value of metal from 60 per cent at present.
Last Updated: Thursday, December 26, 2013, 15:41
Following the Reserve Bank's concern over 'concentration risk', gold loan major Mannapuram Finance on Thursday said it will be diversifying into lending for small businesses and housing finance.
Last Updated: Tuesday, October 01, 2013, 23:15
Muthoot Finance Ltd, India's largest gold loan company today announced the launch of its maiden Employee Stock Options Plan (ESOP), which would benefit its over 24,000 employees.
Last Updated: Wednesday, September 18, 2013, 12:58
The apex bank has clearly stipulated that NBFCs should not issue misleading advertisements like claiming the availability of loans in a matter of 2-3 minutes.
Last Updated: Monday, July 01, 2013, 19:02
Gold loan company Muthoot Finance Monday said it has submitted an application to RBI for a licence to start a bank.
Last Updated: Friday, June 07, 2013, 14:49
Reserve Bank has extended the restriction on advance against gold on co-operative banks as well, a move aimed at curbing demand for gold.
Last Updated: Wednesday, May 29, 2013, 20:36
RBI's decision to ban banks and NBFCs (Non-bank financial companies) from extending loans against gold exchange-traded funds and gold mutual funds will not have any material impact on these investments, industry players have said.
Last Updated: Tuesday, April 16, 2013, 19:40
State Bank of India Tuesday said it does not see any stress on its Rs 35,000 crore gold loan portfolio because of the plummeting prices of the precious metal, but said it will revise its loan-to-value (LTV) ratio from the present 70 percent.
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