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.”
Haryana Chief Minister Manohar Lal made a big announcement in Bhiwani on Tuesday. In the state-le
UP's Bahubali MLA Mukhtar Ansari is getting new revelations every day about the ambulance in whic
Good News For Reliance Jio Users, New Offer Up To 5000GB Extra Data
Reliance Jio is good news for users. The company is giving double data benefit to its JioFiber us
Himachal slightly warmer, snowfall in store
Shimla, Jan 2 (IANS) Most of the hill stations of Himachal Pradesh Friday saw a further rise in
The cases of Kovid-19 (Coronavirus Cases in India) in the country have again crossed two thousand
The 140th meeting of the International Olympic Committee will be held in Mumbai. During the 139th
Expressing displeasure against the umpire's decision in Bangladesh has cost Harmanpreet Kaur dear
Virat-Anushka were seen chanting 'Shri Ram, Jai Ram' in a kirtan in London, video went viral.
For a long time, there were rumors that Virat Kohli and Anushka Sharma would move to London with
New Zealand favourites but India fantastic, says Warner
Melbourne, March 12 (IANS) Australian swashbuckling opener David Warner on Thursday said co-hos
The SIT set up to investigate the horrific human sacrifice of two women in Kerala's Pathanamthitt
