Gold Loan Stocks

Muthoot, Manappuram: Key levels to track as gold loan lenders stocks slide

Muthoot, Manappuram Finance outlook: Shares of gold loan lenders could see limited downside in the near-term, as broader trend remain up; charts show.

Muthoot, Manappuram Finance tank up to 9% on RBI's cash disbursal advisory

According to reports, the RBI has said no gold loan NBFC should disburse loan amount in excess of Rs 20,000 in cash

Muthoot Finance planning to raise funds using dollar-denominated bonds

Muthoot Finance is aiming to issue benchmark-sized bonds, which means the issuance will be around $500 mn

Muthoot Finance to raise Rs 500 crore through issue of five-year bonds

The company will pay an annual coupon of 9.03% on this issue and has invited commitment bids for the same on Thursday

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