Gold Loan Sector

Apr 29, 2016 at 18:26 | Source: PTI
State-run State Bank of Bikanerand Jaipur (SBBJ) today reported a 31.05 percent plunge innet profit to Rs 193.22 crore for the quarter ended March 31,due to increased provisions for bad loans.
Apr 29, 2016 at 16:23 | Source: CNBC-TV18
About 80 percent of the bad loan issue in road and power sectors will be resolved over a period of time and about 10-20 percent will have to be written off, says RK Bansal, Executive Director of IDBI Bank.
Apr 29, 2016 at 09:00 | Source: PTI
"A favourable monsoon after a gap of two years would have a mixed impact on trade in various sectors, boosting agricultural exports and limiting imports of crude oil and coal while enhancing the demand for gold," domestic ratings agency Icra said.
Apr 27, 2016 at 16:10 | Source: CNBC-TV18
During the last quarter, there was no sale of loans to any asset reconstruction companies (ARC). There was sale of a standard account to an ARC, says Lakshmi Vilas Bank CFO Palaniappan Manickam.
Apr 27, 2016 at 10:30 | Source: Moneycontrol.com
YES Bank has posted better-than-expected net profit at Rs 702.1 crore in January-March quarter, up 27.4 percent from Rs 551 crore in corresponding quarter last fiscal. It net interest income (NII) grew 27.1 percent at Rs 1241.4 crore in Q4 against Rs 977.1 crore in year ago period.
Apr 27, 2016 at 08:16 | Source: Reuters
Data on Tuesday showed orders for long-lasting US manufactured goods rebounded far less than expected in March as demand for automobiles, computers and electrical goods slumped, suggesting the downturn in the factory sector was far from over.
Apr 26, 2016 at 13:10 | Source: PTI
State Bank of Travancore (SBT) has reported a 67.6 percent decline in net profit at Rs 62.1 crore in the fourth quarter ended March due to a sharp increase in provisioning for bad loans.
Apr 25, 2016 at 17:02 | Source: Moneycontrol.com
Analysts polled by CNBC-TV18 will be keenly watching if loan growth will be higher than industry average driven by retail book. Net interest margins may be under pressure due to stressed assets.
Apr 25, 2016 at 14:28 | Source: PTI
They could see negative pressure on their credit profile if the government does not revise upwards its capital infusion plans, Moody's Investors Service VP Financial Institutions Group Alka Anbarasu said.
Apr 24, 2016 at 13:59 | Source: PTI
State-run Bank of Maharashtra sees its gross non-performing assets or bad loans to be about 8 percent of gross advances in 2015-16, a top official said.
Messages on Gold Loan Sector »

suman2011s

Gold Member

73 Followers

Manappuram  

Housing Finance Ltd, Dewan Housing Finance Ltd, etc. Moreover, the price of Gold is expected to remain buoyant due to Syrian Crisis and also due to domestic demand, arising from the ensuring festive season. Therefore, I feel this is one of the safest stocks from GOLD LOAN sector. Moreover, when

2.41 PM Sep 4th 2013

ContraryOpi
nion

Platinum Member

52 Followers

SKS Microfin  

No Neelesh. It pertains to SKS. They were contracting their micro-finance business line and diversify into other areas particularly gold loan sector

12.20 PM Apr 18th 2013

Manappuram  

What about 75% LTV as recommended by KUB Rao committee. Microfinance sector has been rescued by RBI, but Gold Loan Sector is still waiting for implementation and stricter regulation which only be good for the future and long term prospects of the sector.

5.17 PM Mar 14th 2013

Budget Messenger

Platinum Member

398 Followers

Economy  

Will the Budget have measures aimed specific to gold loan sector?

8.17 PM Feb 25th 2013

nil_1981

Gold Member

45 Followers

Manappuram  

`t play any game. Hope upcoming KUB Rao report will bring more clarity on the gold loan sector & PE will be rerated for both the stocks. P.S: My investment is only in Manappuram & not in Muthoot.

9.17 PM Nov 17th 2012

nil_1981

Gold Member

45 Followers

Manappuram  

Low promoter holding doesn`t matter. Muthoot is a market leader in Gold Loan sector & market leader always trade at premium to its peers. You can check any other industry. e.g. TCS is now market leader in IT sector & it is trading at 25% premium to Infosys.

11.18 AM Nov 17th 2012

vbaidya

Platinum Member

52 Followers

Manappuram  

excellent stock.....I bought in parts and now hold 15000 shares of MF@ 38. I am sure it will give me very good result once the Gold loan sector stabilizes. cheers and happy investing...!

10.55 AM Aug 15th 2012

Web Messenger

Platinum Member

343434 Followers

News Now  

Source:Economic Times - BY VP Nandakumar When the RBI released its Financial Stability Report of June 2012, the gold loans sector once again came in for scrutiny. At the top of RBI`s concerns about the gold loan NBFCs was the concentration risk inherent in the business model, brought into sharper

11.54 AM Jul 31st 2012

Web Messenger

Platinum Member

343434 Followers

News Now  

Source:Economic Times - BY VP Nandakumar When the RBI released its Financial Stability Report of June 2012, the gold loans sector once again came in for scrutiny. At the top of RBI`s concerns about the gold loan NBFCs was the concentration risk inherent in the business model, brought into sharper

11.52 AM Jul 31st 2012

uramasa

Platinum Member

1390 Followers

Manappuram  

products with lowest deliquencies. India`s gold loan sector will grow at 35 to 40% over the coming years. As Rating companies reaffirm faith in Manappuram, manappuram is surely a bright candidate to invest in with long term perspective. my target is as below-- short term target-45.00 medium term target-65

3.19 PM Jun 30th 2012

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Sep 12, 2012 at 03:42 | Source: The Hindu BusinessLine
Jul 31, 2012 at 09:36 | Source: Economic Times
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