Gold loan cos welcome RBI move; analysts say will trim margins

Last Updated: Thursday, March 22, 2012, 21:59

Gold financing companies Thursday welcomed the latest measures by the Reserve Bank, saying they will strengthen the industry, but analysts pointed out that the clampdown will erode the margins of these companies and curtail growth.

Muthoot promoters may dilute 10% stake

Last Updated: Thursday, March 22, 2012, 11:46

Promoters of leading gold loan company Muthoot Finance may dilute their stake by up to 10 percent to raise funds in the next fiscal.

We are not acquiring Thomas Cook India: Muthoot Finance

Last Updated: Thursday, March 15, 2012, 22:19

The largest gold loan company by asset portfolio Muthoot Finance Thursday said it is not looking at buying out travel and money changer firm Thomas Cook India, which has been put on the block by its British parent.

Muthoot Finance's Rs 500-cr bond issue opens on Friday

Last Updated: Wednesday, February 29, 2012, 21:16

Gold loan company Muthoot Finance Wednesday said its Rs 500-crore bond issue, the third this fiscal, will hit the market on Friday.

Muthoot Finance plans Rs 500-cr bonds issue by month-end

Last Updated: Sunday, February 19, 2012, 23:19

Since the bank lending to gold financing companies was tightened by the Reserve Bank recently, he said his cost of fund has gone up to some extent.

Muthoot Finance plans Rs 500-cr bonds issue by month-end

Last Updated: Sunday, February 19, 2012, 18:32

Leading gold loan company Muthoot Finance Sunday said the company hopes to hit the debt markets with the third bond issue this fiscal, for Rs 500 crore by the end of the month.

Gold volatility no major impact to gold loan biz: Muthoot

Last Updated: Monday, December 19, 2011, 16:29

After reaching record levels over the past few months, gold prices has seen volatile movements recently.

Goldplus launches 'Swarna Samridhi' in tie-up with Muthoot

Last Updated: Thursday, September 15, 2011, 14:54

Jewellery chain Goldplus from Tata Group Thursday announced launch of a new scheme 'Swarna Samridhi' for Andhra Pradesh market in alliance with Muthoot Finance, a gold loan company.

Muthoot Finance to raise Rs 6,000 cr in FY12

Last Updated: Monday, August 22, 2011, 17:43

Gold financing company Muthoot Finance is mulling over to raise Rs 6000 crore in the current fiscal to meet its working capital requirements, a top executive said on Monday.

Muthoot Finance plans maiden public issue of NCDs

Last Updated: Thursday, August 18, 2011, 16:38

The country's largest gold loan non-banking finance company Muthoot Finance is going in for a maiden public issue of secured, redeemable, non-convertible debentures (NCDs) to raise up to Rs 1,000 crore to fund business plans, a top company official said on Wednesday.