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Manappuram Group may apply for a banking license

Introducing a new concept of niche banking in India, RBI last month had issued final norms for payment banks and small finance banks.

Fund mop-up by cos halves to Rs 6,912 crore in Apr-Nov

Most of the funds were raised to support working capital requirements and for general corporate purposes.

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

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.

Gold financing stocks in demand; soar up to 20%

Shares of gold financing firms Muthoot Finance and Manappuram Finance Thursday surged up to 20 percent after the Reserve Bank allowed NBFCs to lend up to 75 percent of the value of metal from 60 percent at present.

Muthoot, Manappuram scrips fall up to 3% on RBI restrictions

Muthoot Finance scrip went down by 2.78 percent to Rs 143, while Manappuram Finance lost 1.47 percent to Rs 16.75 on the BSE.

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

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.

Stocks of gold loan companies, jewellery makers tumble

Shares of gold loan companies like Manappuram Finance and jewellery makers Monday fell sharply by up to over 13 percent, following weakness in gold prices which hit over 15-month low.

Mid-cap stocks tank; Manappuram Finance, HDIL fall up to 20%

Shares of mid-cap companies, including Housing Development and Infrastructure Ltd and Manappuram Finance, crashed up to 20 percent on Wednesday amid concerns about their financial health.

Manappuram Finance shares tank over 14% on low profit concerns

Shares of Manappuram Finance Wednesday slumped over 14 percent in morning trade, after the company said its profit may reduce in the fourth quarter ending March 31, 2013.

Hudson Equity sells 1.8 crore shares of Manappuram for Rs 77.4 crore

Hudson Equity Holdings, a shareholder of Manappuram Finance, Friday sold 1.8 crore shares of the gold mortgage company for over Rs 77 crore through an open market transaction.

Manappuram, Muthoot Finance rise by up to 20% on RBI proposal

Manappuram Finance surged 19.97 percent to touch the upper circuit limit of Rs 40.55 on the BSE.

Gold loan firms setting up SRO as RBI tightens screws

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.

Not taken any deposit from public since March 2011: Manappuram

Manappuram Finance on Monday said it has not accepted any deposits from the public since March last year and it will take necessary measures to address concerns raised by the Reserve Bank in this regard.

RBI cautions against Manappuram Finance accepting deposits

The RBI on Monday said it has come across instances of acceptance of deposits by Kerala-based Manappuram Finance even after the firm converted itself into a non-deposit taking non-banking financial company, cautioning it was not permitted to do so.