Muthoot finance is the largest gold loan NBFC with a reach over 4265 branches 21 state and four union Territories with the gold loan of Rs.21,800 crore. Manappuram finance has 3,200 branches nationwide with the employee strengthen, with the portfolio of Rs 9000 crores.
The founder and Managing director of stock brocking firm geojit BNP Paribas, CJ George said, “Historically, Malyalis have excelled in financial services as an ethnic group. The size of these companies reflects their innovative skills. Gold loan business also reflects Malyalis’ hunger for gold and the strong dowry system which feeds gold and gold loans.”
While the chairman and the managing director of Muthoot Fincrop Thomas John Muthoot said, “we have a gold loan portfolio of Rs 8500 crore then had 41 tonnes of gold in its vaults. Two things happened in this gold prices declined and bank become aggressive in gold loans. As the gold prices declined, our business also came down slightly, reflecting on our gold holdings.”
India-China: China's share in India's imports decreased by 0.90 percent, and mobile phone imports fell by 55 percent
The share of Chinese goods in the country's total imports has declined by 0.90 percent. Its share was 16.5 percent in 2020-21, which came down to 15.4 percent in 20210--22. The goods that come more
New Zealand-Pakistan first semi today: Figures favor PAK, better form NZ; Know Possible Playing XI and Complete Preview
The first semi-final of the T20 World Cup 2022 will be played between Pakistan and New Zealand at the Sydney Cricket Ground (SCG) today. According to Indian time, this match will start at 1.30 pm.
Wrestlers Protest: Will the movement of wrestlers end soon? The central government took this step
The government has once again invited the wrestlers agitating against former Wrestling Federation of India (WFI) president Brij Bhushan Singh for talks. Union Minister Anurag Thakur has given
Priyanka Chopra's daughter's picture surfaced, actress's best friend shared it
Priyanka Chopra celebrated her 40th birthday on 18 July. His family and close friends gathered on this special occasion. This birthday of Priyanka was also special because she was celebrating with her
Jal Nigam's efficiency for 'Clean Ganga' questioned
Kolkata, March 11 (IANS) A leading American researcher, known for her extensive work on wastewater management issues, lauded Prime Minister Narendra Modi's 'Clean Ganga' campaign on Wednesday but
Mobile towers no health threat: Ravi Shankar Prasad
New Delhi, March 13 (IANS) Telecom Minister Ravi Shankar Prasad said on Friday that fears of mobile towers being hazardous to health are not true, adding that reports from the World Health
History of the world's largest electronics show: 55 years ago 250 companies attended; This is what gave VCR, HD TV, 5G
The first of the year and the world's largest electronics show i.e. Consumer Electronics Show (CES 2022) will be from 5 to 7 January. Based on new gadgets and technology, this event is discussed
Meeting: Finance Minister's meeting with the officials of public sector banks on June 20, there will be talk on NPA and loan increase
Finance Minister Nirmala Sitharaman will hold a meeting with the officials of public sector banks on June 20. In this, she will review the performance of banks and the progress of all the schemes
Five Left parties got just 5,405 votes in Delhi
New Delhi, Feb 16 (IANS) Believe it or not, five Left parties got a grand total of 5,405 votes in the Delhi assembly elections in which they fielded 14 candidates.The Communist Party of India
Russia-Ukraine war: After 104 days, of the meeting of the two countries in Turkey, the UN will investigate the death of children in Ukraine
After 104 days, Russia and Ukraine will once again sit in Turkey for talks on Wednesday. There can be an agreement between the two countries on the transportation of wheat from the Black Sea. There is
