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Covid is driving demand for gold loans from banks

For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal......

In a first, IFC to invest $35 mn in Manappuram

Gold loan companies offer loans to financially-excluded customers and MSMEs by enabling them to monetise their gold without the need for documentary proof of income. International Finance......

How Kerala floods will impact India Inc

'Kerala isn’t as dependent on agriculture like Bihar or Odisha or even other southern states.''Economic losses would not be too intense, unlike other states.''The floods could, at best,......

How Rakesh Jhunjhunwala beat the market meltdown

How did marquee Dalal Street investors fare in the Jan-Mar quarter that saw the BSE Sensex tank 10 per cent?Deepak Korgaonkar and Puneet Wadhwa report. IMAGE: Rakesh Jhunjhunwala. Photograph:......

Mumbai's hot property: Rs 100-crore office space

Mannapuram Finance, Mahindra and Bharti Axa are some of the firms known to have bought office spaces worth more than Rs 100 crore Illustration: Uttam Ghosh/Rediff.com While big fund houses like......
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2 stocks that could do well in next 3 months

has a strong support at 12900. If Nifty breaches this point, then a rally of 200-300 points will continue till 12,600 levels, says , Head of... ...

https://economictimes.indiatimes.com/markets/expert-view/2-stocks-that-could-do-well-in-next-3-months/articleshow/79419985.cms
NBFCs weigh benefits of being banks

KOLKATA: Initial euphoria about non-banking finance companies (NBFCs) converting into banks is slowly giving way to questions whether it would be... ...

https://economictimes.indiatimes.com/markets/stocks/news/euphoria-waning-nbfcs-are-now-wondering-if-becoming-banks-are-worth-it/articleshow/79419478.cms
Covid is driving demand for gold loans from banks

For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the... ...

http://www.rediff.com/money/column/covid-is-driving-demand-for-gold-loans-from-banks/20201125.htm
RBI imposes penalty on Muthoot Finance, Manappuram Finance

The central bank has also imposed a penalty of Rs 5 lakh on Manappuram Finance, Thrissur for non-compliance with directions on verification of... ...

https://economictimes.indiatimes.com/markets/stocks/news/rbi-imposes-penalty-on-muthoot-finance-manappuram-finance/articleshow/79307458.cms
Manappuram Finance forecasts loan growth at 20%

, has put its loan growth forecast at 20% as it resumes micro lending and affordable home loans with increasing unlock of the economy, managing... ...

https://economictimes.indiatimes.com/markets/stocks/news/manappuram-finance-forecasts-loan-growth-at-20/articleshow/79210229.cms

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