CCI introduced the requirement to disclose parallel proceedings to dissuade entities from lodging complaints on a matter already being investigated by other regulators, say legal experts
Gold loan companies may not see the same rate of growth as they have in the past, but are unlikely to be run over by banks as most investors fear, says Digant Haria, founder of Green Edge Wealth
The biggest gold loan companies are facing competition from banks and fintech companies.
Gold financing took the hot seat after the first wave of the pandemic with every lender flocking into this business given the large stock of gold holding lying idle in the Indian household, and easy access to liquidity for borrowers by pledging the same, to tide over the pandemic-led liquidity crunch. Since gold financing business will continue to deliver promises, which stock then is the right bet for investors? Watch this video to find out.
Muthoottu Mini Financiers Limited is an RBI registered non-deposit taking systemically important NBFC in the loan against gold financing sector, lending money against the pledge of household gold jewellery for over 2 decades
In an interview to Prashant Nair and Ekta Batra, Rahul Arora of Nirmal Bang Institutional Equities shared his views on the fundamentals of the market and the outlook going forward. He also spoke about specific stocks and sectors.
The pain of the demonetisation drive seems to be reducing, says George Alexander Muthoot, MD of Muthoot Finance. He expects no de-growth in this quarter and has a growth target of 18-20 percent as things get better.
With expectation of a good monsoon this year and increased consumption due to the 7th Pay Commission and OROP, rural demand is expected to pick up which will benefit NBFCs further.
Gold loan lender Muthoot Pappachan Group's housing finance subsidiary is targeting to grow its book by nearly three times to Rs 300 crore by March, 2014, a top company official has said.
SP Tulsian of sptulsian.com advises to exit Manappuram General Finance as it may be correcting in single digit very soon.
The sharp fall in gold prices prompted investors to shun their investments in the gold loan companies like Muthoot and Manappuram. However, the Association of Gold Loan Companies (AGLOC) is of opinion that a 15-20% price fluctuation is unlikely to dent their business.
The yellow metal has entered into bear market territory for the first time in 12 years. Gold prices recorded the biggest ever fall of Rs 1,250 per ten grams to hit one-year low of Rs 28,350 on Saturday. Gold dropped as much as 3.9 Percent to USD 1,425.75 an ounce in Singapore, the lowest level since April 2011.
Disappointment was shown by many on Infosys' fourth quarter results. It reported 6-10 percent top-line growth guidance for FY14, which was lower than what the street had forecast. Rahul Bhasin, Baring Private Equity Partners said that it will be unrealistic to expect the historical growth.
George Alexander Muthoot, MD, Muthoot Finance, says that the company saw a marginal increase in the net profit. He is also of the view that the loan book of the company will improve going forward.
Santosh Singh, analyst, Espirito Santo, talks about the KUB report and what one can expect in terms of gains from stock in gold space.
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 says he is not too optimistic on the gold loan companies' performance.
The RBI has come up with norms to curb the formation of a bubble in the gold loan segment and prevent a repeat of the infamous MFI story, says Nirmal Bang's research report.
Pantaloon Retail can touch Rs 175, says Devangshu Datta, Consulting Editor, Business Standard.
The Reserve Bank of India (RBI) on Wednesday issued a notification directing all non-banking finance companies engaged in gold loan business to maintain a loan to value (LTV) ratio of 60%. Sampath Kumar, senior research analyst of IIFL Institutional Equities says, gold loan companies may see some pullback on the growth side.
SP Tulsian, sptulsian.com shares his view on Muthoot and Manappuram.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com analyses select stocks such as Gati, Dishman Pharma, Apollo Tyres, Dhanlaxmi Bank, infrastructure stocks, gold companies Manappuram General Finance and Muthoot and ADAG stocks.
One still needs to be choosy while picking the rate sensitives, says Sanjeev Prasad of Kotak Institutional Equities. In an interview to CNBC-TV18, Prasad picks retail banks and the IT space as safe bets from the rate sensitive sectors.