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Muthoot promoters may sell stake once RBI clears bank licence

Last Updated: Wednesday, February 19, 2014, 00:36

Currently, promoters of Muthoot Finance hold 80.12 per cent stake in the company.

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.

Gold financing stocks in demand; soar up to 20%

Last Updated: Thursday, January 09, 2014, 12:38

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 Finance Rs 500 cr NCD issue open till January 27

Last Updated: Friday, December 27, 2013, 16:58

Muthoot Finance, which lends against gold, said its Rs 500 crore secured non-convertible debentures (NCDs) which opened on Friday for subscription will close on January 27 next year.

NSE revises circuit limits of over 1,400 scrips

Last Updated: Thursday, November 07, 2013, 21:52

Leading stock exchange NSE has revised circuit limits for shares of 1,439 companies, including Kingfisher Airlines, Muthoot Finance, Wockhardt, Reliance MediaWorks, as part of its surveillance action.

Muthoot Finance Q2 Net down 21.2% at Rs 211 cr

Last Updated: Thursday, October 31, 2013, 18:02

Gold financing company Muthoot Finance has reported a 21.2 percent decline in net profit at Rs 211 crore for the second quarter ended September 30.

Muthoot launches its ESOP

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.

Muthoot Finance to set up 250 ATMs in next 3 months

Last Updated: Sunday, September 08, 2013, 10:46

"We have in-principle approval from the RBI. We have identified locations in two states and intends to operationalise 250 ATMs by December," Muthoot Finance Chief General Manager K R Bijimon said.

Muthoot Finance April-June net profit drops 21% to Rs 194 crore

Last Updated: Thursday, July 25, 2013, 16:03

Muthoot Finance on Thursday said net profit fell 21.2 percent to Rs 193.88 crore in the first quarter ended June on the back of stagnating loan growth.

MuthootFin: Can turn 2,000 gold-loan outlets into bank branches

Last Updated: Sunday, July 14, 2013, 17:47

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.

Muthoot Finance seeks licence to start a bank

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.

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

Last Updated: Tuesday, May 28, 2013, 13:22

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.