SENSEX NIFTY

Gold Loan Sector

Jul 29, 2016 at 20:20 | Source: PTI
The recently announced Rs 7,575 crore capital infusion by the government will help push credit growth, SBI said today.
Jul 29, 2016 at 16:46 | Source: Moneycontrol.com
Provisions for bad loans during the quarter shot up 163.2 percent on yearly basis to 2,514.5 crore but sequentially fell 24.4 percent from Rs 3,326.2 crore. Gross NPA increased to 5.87 percent from 5.82 percent on sequential basis and net NPA rose to 3.35 percent from Rs 2.98 percent.
Jul 28, 2016 at 14:20 | Source: CNBC-TV18
In an interview to CNBC-TV18, Ananthasubramanian says the bank's savings deposits grew 14 percent year-on-year during the quarter. Also, the share of Current Account and Savings Account (CASA) funds has risen to 41.4 percent vs 38.9 percent on a YoY basis
Jul 28, 2016 at 12:41 | Source: Moneycontrol.com
Provisions for bad loans jumped 51.2 percent to Rs 2,738.4 crore in the quarter ended June 2016 compared with year-ago period but declined sharply 74 percent from Rs 10,485.2 crore in preceding period.
Jul 26, 2016 at 17:26 | Source: CNBC-TV18
If net interest margin comes at or above 3.3 percent, credit cost below 20 basis points, gross non-performing assets below 0.85 percent and loan growth above 25 percent then that will be taken positively by the street, say analysts.
Jul 26, 2016 at 07:16 | Source: PTI
Provision for bad loans zoomed to Rs 1,037.78 crore, more than 7.8 times from Rs 131.89 crore parked aside a year ago, showed the bank's balance sheet filed with BSE.
Jul 25, 2016 at 10:17 | Source: CNBC-TV18
State-run lender Canara Bank's first quarter (April-June) earnings are expected to remain under pressure due to higher credit cost. Profit is likely to fall 74.1 percent to Rs 124 crore compared with year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
Jul 23, 2016 at 13:10 | Source: PTI
The bank is transforming through digitalisation and has sanctioned home loans in record six days, the bank's General Manager P Narasimha Rao said at a function here.
Jul 22, 2016 at 08:22 | Source: PTI
In the quarter ended June 30, the bank's gross non- performing assets were up at 1.04 percent from 0.95 percent a year ago. The net NPA of the leading private lender stood at 0.3 percent as against 0.27 percent in the same quarter of last year.
Jul 21, 2016 at 20:24 | Source: PTI
It had registered a net profit of Rs 270.62 crore in the April-June period of last fiscal, 2015-16, SBBJ said in a regulatory filing.
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

53 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

421 Followers

Economy  

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

8.17 PM Feb 25th 2013

nil_1981

Gold Member

58 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

58 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

357484 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

357484 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

1423 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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