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Gold Loan Sector

May 02, 2016 at 08:52 | Source: PTI
Congress leader K V Thomas-led Public Accounts Committee (PAC), whose term ended yesterday, has examined Rajan's response but can ask the RBI Governor to appear before it in future once it is reconstituted, sources said.
May 02, 2016 at 08:47 | Source: Reuters
Indian banks have either taken over or are in the process of seizing majority control in 18 firms with a combined debt of about USD 15 billion, under a central bank plan that allows them to swap the companies' debt for equity and freeze non-performing loans, brokerage Religare Capital Markets estimates.
Apr 30, 2016 at 14:50 | Source: PTI
The TTD which recently said it moved over 1.3 tonnes of yellow metal to Punjab National Bank under the scheme also requested the government to tweak some rules to enable it move its entire holding of gold under the scheme.
Apr 30, 2016 at 12:23 | 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 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 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.
Messages on Gold Loan Sector »

StockDrifte
r

New Member

42 Followers

Manappuram Fin  

You have read his statement wrong. He didn`t say borrowers shifting from gold loan sector to organized sector! He said borrowers shifting from unorganized gold loan sector to ORGANIZED gold loan sector! This statement was mentioned by VP Nandakumar on his interview on the impact of demonitization

5.13 PM Nov 28th

rich1day

New Member

18 Followers

Manappuram Fin  

can you pls send us the link to any website on this subject...? ie borrowers shifting from gold loan sector to organised sector... due to increased cash reserves do u think banks will threaten future of gold finance companies?

4.50 PM Nov 28th

baijup01

New Member

0 Follower

Manappuram Fin  

Demonetization can help in a shift from unorganized gold loan sector to organised one. Liquidity pull back by RBI may renew the gold loan segment.

2.05 PM Nov 28th

nil_1981

Gold Member

80 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

80 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

369285 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

369285 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

1497 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

prafs88

Platinum Member

30 Followers

Manappuram  

a significant chunk of shares from the open market. This and various other developments have improved the stock’s outlook. A committee appointed by RBI to look into the gold loan sector is expected to present its report by the end of July. Growth outlook Mr Prateesh Kasinadhan, Manager (Research) Acumen

8.26 PM Jun 29th 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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