The Manappuram Finance board has approved their business plan for FY19. In an interview to CNBC-TV18, VP Nandakumar, MD & CEO of Manappuram General Finance spoke at length about the plan and gave his outlook for the future.
Expect a 5-8 percent gold loan book growth in second half of FY18, said VP Nandakumar, MD & CEO, Manappuram General Finance
Manappuram Finance is in the news after the promoter picked up over 10 lakh shares from the open market taking their stake to 28.34 percent. In an interview to CNBC-TV18, VP Nandakumar, MD & CEO of Manappuram General Finance spoke at length about the same and also about stake sale.
In an interview with CNBC-TV18, Suresh Ganapathy of Macquarie Capital Securities said that unsecured loans and consumer durables are likely to see higher non-performing assets (NPAs) in the NBFC sector.
In addition to Bharat Financial's Non-executive Chairman, Digant Haria of Antique Broking also spoke and he said the size of the company will matter when an NBFC wants to become a bank.
The company, is confident of seeing reasonable growth of 20-25 percent in FY17 both in assets under management (AUM) and net profits, said VP Nandakumar, Chairman and Managing Director, Manappuram Finance.
In an interview of CNBC-TV18, Kapil Krishan, CFO of Manappuram Finance spoke about company's loan book and the outlook going ahead.
Shares in leading loan-against-gold lenders such as Muthoot Finance and Manappuram Finance vaulted in early trade Thursday after the Reserve Bank of India (RBI) raised the loan-to-value (LTV) for non-banking financial companies (NBFCs) to 75 percent from 60 percent.
I Unnikrishnan, ED, Manappuram Gen Fin, says that the business in improving for the company and he expect assets under management (AUM) to grow around 10 percent from September levels for the next six months.
Manappuram General Finance tells CNBC-TV18 that margins will drop by 3-4% due to the new loan-to-value (LTV) norms.
CNBC-TV18 caught up with chairman and managing director of Manappuram General Finance & Leasing, VP Nandakumar, to get his view on the curbs that RBI is trying to enforce on the gold loan segment.
CNBC-TV18 catches up with I Unnikrishnan, managing director of Manappuram Finance to figure out the effect of the hike in import duty of gold on the disbursements of the company.
CNBC-TV18 caught up with I Unnikrishnan, managing director of Manappuram Finance to figure out how gold rate fluctuation is likely to affect business for the company and the way forward.
Reserve Bank of India (RBI) panel proposed new tough norms for the non-banking financial companies (NBFCs). In an interview to CNBC-TV18, VP Nandakumar, chairman and managing director, Manappuram General Finance & Leasing gave a perspective of how the company would perform under these guidelines.
In an interview with CNBC-TV18, VP Nandakumar, CMD, Manappuram General Finance & Leasing spoke on the gold loan financing business and the company's disbursement and margin targets going forward.
Manappuram General Finance & Leasing has taken big bashing today. The reason for this fall is notification that came from the Reserve Bank of India yesterday. VP Nandakumar, CMD, Manappuram General Finance says, the impact on the margin is only about 0.34%.