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.
VP Nandakumar, chairman and managing director of Manappuram Finance & Leasing in an interview to CNBC-TV18 said, the company aims to grow its assets under management (AUMs) by another Rs 1,000 crore in Q4.
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%.
VP Nandakumar, CMD of Manappuram General Finance & LeasingIn an interview with CNBC-TV18’s Sonia Shenoy, spoke about the results and his outlook for the company.