SENSEX NIFTY

Gold Loan Sector

Mar 04, 2015 at 19:31 | Source: Reuters
State-run SBI received shareholders approval to raise up to 150 billion rupees last week, as part of its efforts to strengthen its balance sheet on hopes of a pick up in loan demand in Asia's third-largest economy.
Mar 04, 2015 at 16:00 | Source: Moneycontrol.com
MFL is best positioned to benefit from improving business sentiment in the gold loan industry as asset quality concerns are likely to abate, says Nirmal Bang's research report.
Mar 04, 2015 at 08:35 | Source: PTI
The report also said gold monetisation scheme can ease pressure on imports. The country has an estimated 20,000 tonnes of gold stock. The gold monetisation scheme will allow the depositors of gold to earn interest in their metal accounts and the jewellers to obtain loans in their metal account
Mar 03, 2015 at 08:00 | Source: CNBC-TV18
The Budget reiterated a gross domestic product (GDP) growth target of 8 percent plus but the economy continues to struggle.
Mar 02, 2015 at 19:44 | Source: CNBC-TV18
The report is a recommendation given by a working group, so it is not yet the law. The priority sector used to take away 40 percent of the total loans given and there is a status quo over that.
Mar 02, 2015 at 19:33 | Source: PTI
To curb gold imports and monetise large idle stocks of the precious metal, Finance Minister Arun Jaitley in his Budget 2015-16 had proposed introducing a gold monetisation scheme, which will replace both the present gold deposit and gold metal loan Schemes.
Mar 02, 2015 at 10:22 | Source: CNBC-TV18
The countrys third largest private sector lender maintains its guidance for stressed assets for this year at around Rs 6,500 crore.
Mar 02, 2015 at 10:07 | Source: CNBC-TV18
The biggest takeaway of Budget 2015-16, according to Helios Capital's Samir Arora is how certain sectors will be killed and rightly so, example, real estate. He says the biggest beneficiary of black money in India is real estate and gold. Arora says he did not see many positives for realty in the Budget.
Feb 28, 2015 at 19:24 | Source: Moneycontrol.com
However, the short term impact arising out of increase in surcharge and service tax are matter of concern. The move to encourage use of financial products and services among a larger proportion of the population as well as the efforts towards monetization of gold are great building block to build a vibrant and deep financial services sector.
Feb 28, 2015 at 19:11 | Source: Moneycontrol.com
Thomas John Muthoot, Chairman and Managing Director, Muthoot Fincorp is of the view that all three gold related announcements made by FM in today's budget are towards bringing out the locker gold into the formal system and facilitate transparency in the recycling sector and also reduce the dependency on imports.
Messages on Gold Loan Sector »

suman2011s

Gold Member

67 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

290 Followers

Economy  

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

8.17 PM Feb 25th 2013

nil_1981

Gold Member

9 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

9 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

273633 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

273633 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

1030 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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