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RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
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431 Kg Gold, Silver Seized From Secret Lockers Of Firm In Bank Fraud Case
The Enforcement Directorate today seized 431 kgs of gold and silver worth more than Rs 47 crore after it searched secret lockers of a bullion company as part of a money laundering probe linked to an alleged bank loan fraud case.
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23 Kg Gold, Rs 10 Lakh Robbed At Gunpoint From Gold Loan Firm In Rajasthan
Five bike-borne men robbed around 23 kg of gold and Rs 10 lakh cash at gunpoint from a finance company's branch in Rajasthan's Udaipur on Monday, police said.
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IIFL Finance Offers 0.79% Interest Rate On Gold Loan: All You Need To Know
IIFL Finance has launched the DigiGold Loan facility, where customers can avail interest payment and top-up options through the digital modes
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Gold Loan In Cash Restricted To Rs 20,000 For NBFCs
Shares of leading gold loan companies Manappuram Finance and Muthoot Finance fell today.
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NBFC Cash Loan Against Gold Restricted To Rs 25,000
The earlier provision for NBFC was that high value loans against gold of Rs 1 lakh and above must only be disbursed by cheque.
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30 Kg Gold Jewellery Stolen From Branch Of Gold Loan Company In Thane
Gold jewellery weighing 30 kg was stolen from the office of a gold loan company at Ulhasnagar in Thane district, police said on Monday.
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Demonetisation Hits Shares Of Gold Loan, Micro-Finance Lenders Hard
Shares of micro-finance and gold loan companies have been badly hit after the government on November 8 announced demonetisation of old 500 and 1,000-rupee banknotes.
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Manappuram Finance Surges 13% On Credit Rating Upgrade
Manappuram Finance shares surged nearly 13.5 per cent to a fresh 52-week high of Rs 81.7 today after the gold loan company announced that the rating of its debentures has been upgraded by Crisil.
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Why Muthoot, Manappuram Finance Are New Market Darlings
Analysts believe the strong show by these gold loan companies is likely to continue in the forthcoming quarters as well.
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Muthoot Finance Net Profit Jumps 61% To Rs 265 Crore In Q4
Country's largest gold financing company Muthoot Finance on Friday reported a 61 per cent jump in net profit at Rs 265 crore for the quarter ended March, 2016 driven by higher loan disbursals.
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Manappuram Plans Co-branded Debit Card To Expand Gold Loan Business
Kerala-based non banking finance company Manappuram Finance plans to launch co-branded debit card to offer gold loans to customers without bank accounts.
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Manappuram Finance Surges 20% To 52-Week High
Shares of Manappuram Finance today surged as much as 20 per cent to hit fresh 52-week high of Rs 50.25 after the gold loan company reported strong March quarter numbers.
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Muthoot Microfin to Sell 10% Stake to PEs for Rs 100 Crore
Muthoot Microfin, the microfinance arm of the country's second largest gold loan company Muthoot Fincorp, is talking to private equity players to raise Rs 100 crore to shore up its core capital.
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NBFCs Can Refer to Price on Bourses for Lending Against Gold
The Reserve Bank of India (RBI) on Thursday allowed non-banking financial companies (NBFCs) to use gold price at commodity exchanges to determine the value of the metal for purpose of advancing loans against it.
-
RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
-
431 Kg Gold, Silver Seized From Secret Lockers Of Firm In Bank Fraud Case
The Enforcement Directorate today seized 431 kgs of gold and silver worth more than Rs 47 crore after it searched secret lockers of a bullion company as part of a money laundering probe linked to an alleged bank loan fraud case.
-
23 Kg Gold, Rs 10 Lakh Robbed At Gunpoint From Gold Loan Firm In Rajasthan
Five bike-borne men robbed around 23 kg of gold and Rs 10 lakh cash at gunpoint from a finance company's branch in Rajasthan's Udaipur on Monday, police said.
-
IIFL Finance Offers 0.79% Interest Rate On Gold Loan: All You Need To Know
IIFL Finance has launched the DigiGold Loan facility, where customers can avail interest payment and top-up options through the digital modes
-
Gold Loan In Cash Restricted To Rs 20,000 For NBFCs
Shares of leading gold loan companies Manappuram Finance and Muthoot Finance fell today.
-
NBFC Cash Loan Against Gold Restricted To Rs 25,000
The earlier provision for NBFC was that high value loans against gold of Rs 1 lakh and above must only be disbursed by cheque.
-
30 Kg Gold Jewellery Stolen From Branch Of Gold Loan Company In Thane
Gold jewellery weighing 30 kg was stolen from the office of a gold loan company at Ulhasnagar in Thane district, police said on Monday.
-
Demonetisation Hits Shares Of Gold Loan, Micro-Finance Lenders Hard
Shares of micro-finance and gold loan companies have been badly hit after the government on November 8 announced demonetisation of old 500 and 1,000-rupee banknotes.
-
Manappuram Finance Surges 13% On Credit Rating Upgrade
Manappuram Finance shares surged nearly 13.5 per cent to a fresh 52-week high of Rs 81.7 today after the gold loan company announced that the rating of its debentures has been upgraded by Crisil.
-
Why Muthoot, Manappuram Finance Are New Market Darlings
Analysts believe the strong show by these gold loan companies is likely to continue in the forthcoming quarters as well.
-
Muthoot Finance Net Profit Jumps 61% To Rs 265 Crore In Q4
Country's largest gold financing company Muthoot Finance on Friday reported a 61 per cent jump in net profit at Rs 265 crore for the quarter ended March, 2016 driven by higher loan disbursals.
-
Manappuram Plans Co-branded Debit Card To Expand Gold Loan Business
Kerala-based non banking finance company Manappuram Finance plans to launch co-branded debit card to offer gold loans to customers without bank accounts.
-
Manappuram Finance Surges 20% To 52-Week High
Shares of Manappuram Finance today surged as much as 20 per cent to hit fresh 52-week high of Rs 50.25 after the gold loan company reported strong March quarter numbers.
-
Muthoot Microfin to Sell 10% Stake to PEs for Rs 100 Crore
Muthoot Microfin, the microfinance arm of the country's second largest gold loan company Muthoot Fincorp, is talking to private equity players to raise Rs 100 crore to shore up its core capital.
-
NBFCs Can Refer to Price on Bourses for Lending Against Gold
The Reserve Bank of India (RBI) on Thursday allowed non-banking financial companies (NBFCs) to use gold price at commodity exchanges to determine the value of the metal for purpose of advancing loans against it.
