Search For "gold loan"
Muthoot Finance reports 59 pc jump in Q1 net profit at Rs 841 cr
Updated : 5 years, 9 months ago IST
Kochi (Kerala) [India], Aug 19 (ANI): Muthoot Finance, the country's largest gold financing company in terms of the loan portfolio, on Wednesday reported 59 per cent jump in its net profit at Rs 841 crore for Q1 FY21 as against Rs 530 crore in the same period of previous fiscal.
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Gold loan relaxation of LTV norms to limit exposure appetite of banks: Ind
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Aug 13 (ANI): Gold loan non-banking finance companies (NBFCs) are unlikely to be significantly impacted by the Reserve Bank of India's new guidelines allowing banks to lend up to 90 per cent of the gold value as prudent lending practices may demand lenders to be
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RBI's move on 90 per cent LTV on gold loans to heighten credit risk for ba
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 7 (ANI): Brickwork Ratings has said that an increase in loan to value (LTV) ratio to 90 per cent for borrowers increases the credit risk for banks as the collateral available in the form of gold ornaments or jewellery may not be sufficient to fully cover
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Record decline in securitisation volumes due to Covid-19: ICRA
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 4 (ANI): The securitisation volumes declined substantially in Q1 FY21 to Rs 7,500 crore from Rs 50,300 crore in Q1 FY20 primarily due to disruptions caused by the Covid-19 pandemic, investment information firm ICRA said on Tuesday.
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Canara Bank launches gold loan business vertical to ease liquidity
Updated : 6 years ago IST
New Delhi [India], May 18 (ANI): Public sector Canara Bank said on Monday it has launched a business vertical dedicated for gold loans to meet emerging financial needs of customers in view of the current challenges and uncertainties.
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Muthoot Finance raises $550 million from international bond markets
Updated : 6 years, 3 months ago IST
Kochi (Kerala) [India], Feb 21 (ANI): Muthoot Finance Ltd, the largest gold loan company in India, has successfully priced a 550 million dollars fixed-rate senior secured note issuance for a three-and-a-half-year tenor at 4.4 per cent.
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Nitstone Finserv venturing into Gold Loans
Updated : 6 years, 4 months ago IST
Bengaluru (Karnataka) [India], Jan 15 (ANI/NewsVoir): Nitstone Finserv, a Bengaluru-based NBFC FinTech is venturing into Gold Loans as a new product in its retail portfolio.
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Muthoot Finance to acquire IDBI Mutual Fund for Rs 215 crore
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Nov 22 (ANI): Muthoot Finance Ltd, the largest gold loan non-banking finance company in the country, on Friday entered into a definitive agreement to acquire IDBI Asset Management Ltd and IDBI Mutual Fund Trustee Company Ltd, paving way for its entry into mutual
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Muthoot Finance raises $450 million from international bond markets
Updated : 6 years, 7 months ago IST
Kochi (Kerala) [India], Oct 22 (ANI): Muthoot Finance Ltd, the largest gold loan company in India, has raised 450 million dollars by selling foreign currency bonds to international investors in its maiden issue of such an instrument.
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Police official suspended for looting gold loan company
Updated : 7 years, 2 months ago IST
Meerut (Uttar Pradesh) [India], Feb 25 (ANI): A police officer on Monday was suspended for allegedly looting a gold loan company here.
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Manappuram Finance heist: Police arrest remaining four
Updated : 8 years, 9 months ago IST
Kanpur (Uttar Pradesh) [India], Feb. 13 (ANI): A joint team of Kanpur and Gurugram Police on Monday arrested the remaining four accused of the day light heist at the Mannappuram gold loan branch in Gurugram here.
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Manappuram Finance heist: Gurugram Police arrests four, recovers 30kg gold
Updated : 8 years, 9 months ago IST
Gurugram (Haryana) [India], Feb. 12 (ANI): The Gurugram Police on Saturday cracked down the day light heist at the Mannappuram gold loan branch at new railway road.
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