Muthoot Finance

Mannapuram Finance, Muthoot Finance gain up to 3% in trade; here's why

Spot gold gained 1.1 per cent to $2,662.98 per ounce, as of 01:41 PM ET (1841 GMT). US gold futures settled 1 per cent higher at $2,685.50

Muthoot Finance gains 7% as Q2 profit increases 21%, revenue up 37%

In the September quarter, the company reported a 21 per cent year-on-year (Y-o-Y) growth in the consolidated net profit to Rs 1,321 crore, compared to Rs 1,095 crore

Muthoot Finance Q2 results: Consolidated net profit up 21% at Rs 1,321 cr

Impairment on financial instruments grew sharply to Rs 420 crore in Q2 FY25 from Rs 81.14 crore in Q2 FY24

Muthoot Finance Q2FY25 results: Net profit jumps 26% to Rs 1,251 crore

Muthoot Finance on Thursday reported over 26 per cent jump in net profit at Rs 1,251.1 crore in the second quarter ended September 2024. The company had a net profit of Rs 991 crore in the second quarter of 2023-24 fiscal. Muthoot Finance's total revenue from operation rose to Rs 4,117.4 crore during the latest July-September quarter from Rs 3,059.67 crore in the corresponding period a year ago. In a regulatory filing, Muthoot Finance said its board has approved additional equity infusion of Rs 500 crore in its wholly-owned subsidiary Muthoot Money Ltd. Shares of Muthoot Finance closed at Rs 1,800, up 1.53 per cent over previous close on the BSE.

Muthoot Finance raises $400 million via USD notes, oversubscribed 3.9x

The funds raised will be used for onward lending and other activities permitted under the external commercial borrowing guidelines of the Reserve Bank of India

Muthoot Finance raises $400 mn by dollar bonds with 4.5 yrs maturity time

The country's largest gold finance company will pay a semi-annual coupon of 6.3750 per cent on this issue, the bankers said, adding that bids opened on Wednesday and closed earlier in the day

Tier II, smaller cities consuming over 80% credit: Google Pay exec

At 10th edition of Google for India, fintech major announced credit partnerships with two lenders: Aditya Birla Finance Limited for unsecured loans and Muthoot Finance for gold-backed secured credit

Google, Muthoot Finance tie up to provide gold-backed loans through GPay

Global tech titan Google on Thursday said it has tied up with Muthoot Finance to provide gold-backed loans through its mobile payments service GPay. Google also announced that from October 3, 2024, its AI assistant Gemini Live will be available in Hindi, and later eight more Indian languages will be included. These announcements were made by the company officials at the 10th edition of 'Google for India' event here. GPay is expanding its offerings by introducing gold-backed secured loans in collaboration with Muthoot Finance. According to Google India MD Roma Datta Chobey, about 11 per cent of the world's gold is housed in India. People across India can now access this credit product, with affordable interest rates and flexible usage options--delivering flexibility to the borrower, and security to the lender, Google said. As regards AI assistant Gemini Live, Hema Budaraju, Senior Director, Product Management, Google India, said that over 40 per cent of the Gemini users rely on voi

Muthoot Finance posts highest-ever net profit of Rs 1,196 crore in Q1

This growth is a testament to our three-pronged strategy to focus on disbursements, operational efficiency, and maintaining healthy margins, says George Alexander

RBI penalises CSB Bank, Union Bank of India, others for norms violation

The Reserve Bank of India on Monday imposed penalties on five entities, including CSB Bank, Union Bank of India and Muthoot Housing Finance for contravention of various regulatory norms. A penalty of Rs 1.86 crore has been imposed on CSB Bank for non-compliance with certain directions issued by the RBI on 'Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks' and 'Master Circular on Branch Authorisation'. In another statement, the RBI said a penalty of Rs 1.06 crore has been imposed on Union Bank of India for non-compliance with certain norms on 'Creation of a Central Repository of Large Common Exposures-Across Banks' and 'Know Your Customer (KYC)'. A fine of 5 lakh has been imposed on Muthoot Housing Finance Company for non-compliance with certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021', the central bank said in another release. The RBI has also imposed a penalty of Rs 5 l

Bernstein sees 20% upside in IndusInd Bank, 7% downside in Bajaj Finance

The downside in Bajaj Finance, Bernstein said, was because much of the positives are priced into the stock's rich valuations

Muthoot Finance diversifying loan book to make customers 'stick': MD

Firm will not sell gold loans to asset reconstruction companies as the RBI is 'not comfortable', says George Alexander Muthoot

Muthoot Finance shares rise 4%, test record high post Q4; analysts upbeat

Muthoot Finance Q4: Muthoot Finance clocked its highest-ever consolidated loan asset under management (AUM) of Rs 89,079 crore in Q4FY24

Stocks to watch on May 31: Apollo Hospitals, Muthoot Fin, Welspun Corp

Stocks to watch on May 31: In the fourth quarter of the fiscal year 2023-24 (Q4FY24), Apollo Hospitals Enterprise witnessed a significant spike in profit, soaring by 77.5 per cent year on year (YoY)

Muthoot Finance Q4 results: Profit rises 17% to Rs 1,056 cr on loan growth

Muthoot's standalone loan assets under management increased 20% to Rs 75,827 crore for the year ended March 31

Buy Muthoot Finance, Sell Titan June futures, recommends Religare Broking

Muthoot Finance has been in a steady uptrend for over 10 months, consistently forming higher highs and lows with a gradual increase in volumes

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 accepts bids worth $650 million for dollar-bond issue

The non-banking finance company will use the proceeds for onward lending and other activities permitted under external commercial borrowing guidelines

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

Belstar Microfinance files DRHP with Sebi for Rs 1,300 crore IPO

According to the DRHP, the fresh issue of equity shares is worth Rs 1000 crore, and the offer-for-sale (OFS) is Rs 300 crore by existing investors