Gold prices in India have escalated significantly, hitting record levels, which is expected to support further growth for gold NBFCs such as Muthoot Finance and Manappuram Finance, according to foreign brokerage firm Jefferies. Jefferies has initiated coverage on Muthoot Finance and Manappuram Finance with a ‘Buy’ rating. It has Muthoot […]
NBFCs
—Peter Lynch If you are ever depressed by your stock-picking skills, here’s a quick morale booster—even the giants of the game get it wrong sometimes. Case in point: the ‘father of value investing’ himself. In the heady days of the 1920s, an era so exuberant that it was dubbed the […]
Shares of gold financing companies – Muthoot Finance, and Manappuram Finance – were trading under pressure on Thursday after the Reserve Bank of India (RBI) sent the companies an advisory concerning cash disbursal of loans. The RBI has instructed Non-Banking Financial Companies (NBFCs) to strictly follow the provisions of the […]
The shares of public sector banks fell during trade on Monday after the Reserve Bank of India’s draft rules proposed higher provisioning norms on under-construction projects. PSU Bank nifty index fell 3.66% to close at 7,252.85 in trade on Monday. On 3 May, RBI issued a draft prudential framework for […]