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Don’t miss the latest developments in business and finance.
Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts
Analysts believe the continued aggression of banks and fintechs would make gold loan NBFCs pivot their business models to lower spreads and margin
Gold prices gain on bargain hunting after sharp losses, softer dollar
Gold prices have regained footing following some significant losses and a comparable softer US Dollar
Manappuram Finance plunges 12%, hits 2-year low on weak Q4 results
Asset quality worsened during the quarter as gross non-performing asset (NPA) and net NPA ratio increased by 160 basis points (bps) and 170 bps quarter on quarter (QoQ) to 3 per cent and 2.7 per cent.
Muthoot Finance at new high on strong Q2 show; Manappuram also shines
The management of Muthoot Finance is optimistic about growing the company's gold loan book further and maintains 15 per cent growth guidance for FY22.
Correction in gold loan stocks overdone
While stocks of Muthoot Finance and Manappuram Finance fell, impact of new lending norms is limited
