SENSEX NIFTY

Gold Loan Sector

Aug 27, 2014 at 10:08 | Source: Moneycontrol.com
The finance ministry ordered forensic audit in case of non-performing assets (NPA) of the bank and that forensic audit will find out irregularities in loan sanction, reports CNBC Awaaz quoting unnamed sources.
Aug 26, 2014 at 15:48 | Source: Moneycontrol.com
SBI will now offer uniform interest rate on home loans effective August 26.
Aug 26, 2014 at 10:17 | Source: Moneycontrol.com
Gold loan financing company on Monday acquired 16,77,85,600 existing equity shares (representing 29.98 percent stake) of Asia Asset Finance PlC from Asia Capital PLC, a major shareholder, through Colombo Stock Exchange at a total value of LKR 268 million (approximately USD 2.1 million), said the company in its filing.
Aug 21, 2014 at 13:22 | Source: CNBC-TV18
In an interview to CNBC-TV18, VR Iyer, CMD, Bank of India, said that in the wake of rising instances of bad loans and frauds coming to light, the finance ministry has written to all banks asking them to be cautious.
Aug 20, 2014 at 11:00 | Source: Moneycontrol.com
The news comes amid the backdrop of a slew of stories involving an unholy nexus between public sector banks and corrupt businessman.
Aug 18, 2014 at 12:42 | Source: Moneycontrol.com
Muthoot Finance a largest gold loan NBFC in India is going to open its Rs 400 crore public issue of secured reedemable non-convertible debentures and unsecured reedemable non-convertible debentures of face value of Rs 1,000.00 each on August 18, which will close on September 18, 2014.
Aug 14, 2014 at 19:53 | Source: PTI
The aim of the bank now is to stabilise the recovery front after it suffered losses in the third quarter of last fiscal due to bad loans, said UBI Executive Director Sanjay Arya while announcing the results here today.
Aug 14, 2014 at 11:05 | Source: Moneycontrol.com
According to a report in DNA, which quoted the finance ministry, the Rs 336 crore loan sanctioned by Union Bank of India (UBI) was withdrawn and deposited in another account with a private bank by Kingfisher, which is not allowed.
Aug 12, 2014 at 13:14 | Source: Moneycontrol.com
The state-run bank was under CBI scanner for disbursing loans to debt-laden Kingfisher Airlines, when the Vijay Mallya-led company had a negative net worth and negative credit rating.
Aug 11, 2014 at 15:44 | Source: CNBC-TV18
He said the gold loan company has been able to maintain cost expenses for Q1, where it clocked lower total income.
Messages on Gold Loan Sector »

suman2011s

Gold Member

12 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

207 Followers

Economy  

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

8.17 PM Feb 25th 2013

nil_1981

Gold Member

10 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

10 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

235838 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

235838 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

860 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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