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In today’s climate of uncertainty, it would be advisable to purchase a property only for self use and to refrain from speculative activity, especially with borrowed funds

Ten things to know before getting loan to purchase a plot

Borrowing money for purchasing a plot is a good idea, be it for an investment purpose or for self consumption purpose. However, know these nine points before applying for one.

LTV has come down to 68% on average: Manappuram Fin

In an interview with CNBC-TV18‘s Sonia Shenoy and Anuj Singhal, VP Nandakumar, CMD, Manappuram Finance, discussed the company‘s earnings performance for the quarter gone by.

New NBFC lending norms to cut risks in mid, small cos: IIFL

The Reserve Bank has placed fresh restrictions on the amount that non-banking financial firms (NBFCs) can lend against shares pledged as collateral.

Manappuram, Muthoot Finance up 20% as RBI eases gold norms

The central bank on Wednesday hiked loan-to-value ratio (LTV) to up to 75 percent for loans against the collateral of gold jewellery from the present limit of 60 percent with immediate effect.

Shares of gold finance cos up on talk of hike in loan limit

Shares of Manappuram Finance and Muthoot Finance were up 5 percent and hit the day's upper trading limit.

Have not seen much increase in loan loss: Muthoot Finance

Following the sharp correction in gold prices, Muthoot Finance, the gold financer is seeing more borrowers abandoning gold jewelleries; however this has not caused much increase in loan loss, Managing Director George Alexander said.

Upbeat on IT; few takers for oil marketing cos: UBS Sec

Given the improvement in visibility of demand recovery in the US, UBS Securities remains upbeat on the Indian IT sector.

Gold loan portfolios approach tipping point: India Ratings

India Ratings & Research (Ind-Ra) believes that falling gold prices, if sustained, can significantly impair the asset quality of the gold loan portfolios of non-banking finance companies (NBFCs) and banks.

Gold loan portfolio safe, eyeing exposure cut: Federal Bank

The Kerala based Federal Bank, which is also a gold financer today said that its gold loan portfolio was safe at the moment, however any further slide in yellow metal prices would call for aggressive intervention.

Manappuram to book net loss of Rs 50cr in March quarter

Manappuram Finance, the company which provides loans against gold today guided for Rs 50 crore of net loss in the Jan-Mar as against initial guidance of Rs 90 crore profit following sharp fall in gold prices.

Cyprus issue bigger concern for mkt than UPA-DMK row: IIFL

When talking about the major trigger for the market, Nirmal Jain, Chairman, IIFL told CNBC-TV18 that the Cyprus issue is essential as it is an indication of the ultimate fall out of the European crisis.

RBI proposal may boost gold loan companies' growth: ICRA

The proposal by the Reserve Bank to increase the loan to value (LTV) ratio to 75 percent from the present 60 percent is likely to help gold loan companies increase their business volume at a reasonable rate, says a report by rating agency ICRA.

Gold loan finance NBFCs to get brighter: SMC Global

SMC Global has come out with its report on "Gold Loan Finance Companies". Accordong to the research firm, RBI has released graft guidelines with respect of gold loan NBFC which in our view is beneficial for the industry.

CV loans at high interest rate may default: India Ratings

India Ratings has come out with its special report on "CV loans at high interest rate or of low ticket size more prone to default". According to the rating agency, deploying higher interest rates is not a mitigating factor sufficient to address the risk associated with loss severity in CV loans.

Manappuram unable to meet demand, expects lower NIM in CY12

I Unnikrishnan, Managing Director of Manappuram General Finance & Leasing is not hopeful of any significant growth in FY13. According to him, this fiscal is going to be flat.

Brickwork reaffirms 'AA-' rating for Manappuram`s NCD issue

Brickwork Ratings has reaffirmed the rating of "BWR AA-" for Manappuram Finance Limited's Non-Convertible Debentures Issue of INR 750 crores and INR 100 crores and removes from Ratings Watch.

RBI norms to impact growth, profitability of gold loan cos

ICRA has come out with its report on 'RBI measures to impact growth and profitability of gold loan companies'. The rating agency has outstanding on three single-line Gold loan companies - Muthoot Finance, Manappuram Finance, & Muthoot Fincorp.

RBI tightens norms for gold loan companies

The Reserve Bank of India (RBI) on Wednesday directed non-banking finance companies engaged in gold loan business to maintain a loan to value (LTV) ratio of 60%. Those NBFCs whose financial assets consist of loans against gold jewellery to the tune of 50% or more will have to maintain 12% tier I capital.

Mahindra Finance Q1 net up 34%, cuts LTV by 10%

Mahindra Finance, the non-banking finance (NBFC) arm of Mahindra & Mahindra group, reported 34% year-on-year growth in its net profit at Rs 3,824 crore on the back of robust loan book growth. With its non-performing assets remaining almost unchanged quarter-on-quarter, the company has also managed to maintain its asset quality.

Manappuram to raise Rs 750 cr through retail NCD issue

Loan-against-gold firm Manappuram Finance plans to raise Rs 750 crore through its maiden retail non-convertible debenture issue to fund its growth plans. The issue may be launched in July with a tentative coupon size of 11-12%.