Thursday, March 22, 2012

RBI tightens norms for gold loan companies

LISTED GOLD LOAN COMPANIES LIKE MUTHOOT FINANCE AND MANAPPURAM MAY BE AFFECTED

The Reserve Bank of India (RBI) on Wednesday issued a notification directing all non-banking finance companies engaged in gold loan business to maintain a loan to value (LTV) ratio of 60%. This means, a borrower has to pledge gold jewellery worth Rs 100 to get a loan of Rs 60. 

CMP of Muthoot is Rs.162.30 and Manappuram is Rs.45.30/-

To read the full notification ,Click HERE





Posted by VALUEPICK at 5:48 AM
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5 comments :

  1. Kishor BarhateMarch 22, 2012 at 9:59 AM

    Dear Sir,
    What are your views on Titan Ind. If someone holding from very long (10 years+), is it a time/price for investment sell. OR titan can still give reasonable return for couple of more years from here onward. ( From CMP)

    Regards
    Kishor

    ReplyDelete
  2. AnonymousMarch 22, 2012 at 10:50 AM

    What is your opinion on NBCC IPO? Should we subscribe or ignore?

    ReplyDelete
  3. AnonymousMarch 22, 2012 at 10:51 AM

    Hi,
    This looks like a bad news for gold finance companies, isn't it?
    Rehards
    Sakharam

    ReplyDelete
  4. Ramissh C PandayApril 4, 2012 at 3:26 PM

    Dear VP,
    What's your take on Muthooth Finace ? I had applied for IPO and holding since then but the prices have come down. Not sure what would be the future of these stocks...can you please comment ?

    ReplyDelete
  5. Ramissh C PandayApril 17, 2012 at 3:15 PM

    Hi VP, could you please giude us about Muthooth ?

    ReplyDelete

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