Gold Loan Sector

Jun 18, 2015 at 18:14 | Source: PTI
Country's second-largest private sector lender, HDFC Bank on Thursday launched a 10-second paperless instant loan plan for its existing customers.
Jun 17, 2015 at 10:37 | Source: CNBC-TV18
"Despite being aware of the attrition issue in PSU Banks, the government took so much time. Also, it is being naive in assuming that one person at the top can change the way forward for PSU banks," says says Suresh Ganapathy, banking analyst at Macquarie Capital Securities.
Jun 16, 2015 at 11:21 | Source: CNBC-TV18
The finance ministry is likely to meet on Wednesday to discuss asset reconstruction of banks. The government is pushing for faster resolution of bad loans in the banking sector. The meeting will be attended by PSU bank chiefs and RBI representatives.
Jun 15, 2015 at 15:18 | Source: PTI
"Although all banks will benefit from these changes, the guidelines will be particularly beneficial for those with large corporate exposure, including State Bank of India (Baa3 positive) and IDBI Bank (Baa3 stable)," the rating agency said in an article titled Moody's Credit Outlook.
Jun 12, 2015 at 13:08 | Source: Moneycontrol.com
CRISIL Research has come out with its report on Manappuram Finance. "Powered by a stable regulatory environment and relatively steady gold prices, the domestic gold loan industry is finally displaying promising signs of recovery after almost 18 months of turmoil", says the research firm.
Jun 10, 2015 at 20:55 | Source: PTI
Finance Minister Arun Jaitley is meeting heads of the 27 state-run banks on Friday. "The trigger is the reduction in rate by the RBI, loan demand being weak and lots of liquidity," he said, specifying the reasons which will prompt fresh round of base rate cuts
Jun 10, 2015 at 15:23 | Source: CNBC-TV18
Abinash Verma of ISMA says the government will be bearing the interest for just one year and that doesn't seem to be an interest-free loan in the true sense of the word. Earlier, about one-and-half-years ago, the government had given a similar loan and was willing to bear the interest for five years.
Jun 10, 2015 at 14:42 | Source: CNBC-TV18
M Manickam of Sakthi Sugars says mills may be in a position to clear Rs 4,000-5,000 crore, with their own resources. So, this Rs 6,000 crore will be an addition.
Jun 10, 2015 at 08:11 | Source: Reuters
Indian banks have welcomed new rules that could allow them to take majority stakes in troubled companies as a warning to wayward entrepreneurs, even if the provisions will not apply to the bulk of struggling loans from past years.
Jun 09, 2015 at 10:35 | Source: CNBC-TV18
The RBI move will help banks recover a good chunk of their money from defaulting companies in future, said Bansal
Messages on Gold Loan Sector »

suman2011s

Gold Member

76 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

312 Followers

Economy  

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

8.17 PM Feb 25th 2013

nil_1981

Gold Member

13 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

13 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

293418 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

293418 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

1110 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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