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.”
Central Board of Secondary Education/CBSE has released the admit card for class X and class XII c
Fringe elements orchestrating 'Gharvapsi' reined in: Kiran Bedi
New Delhi, Jan 24 (IANS) BJP's chief ministerial candidate in Delhi, Kiran Bedi has said fringe
Devraj, a 10th-class student who was injured in a stabbing incident in Udaipur, Rajasthan, died o
Why is Sikander Rakesh Jhunjhunwala of the stock market so special?
On October 5, Rakesh Jhunjhunwala, a well-known stock market investor, along with his wife Rekha
Explained: Where and why there is dispute on the border between India and China?
The land border of China's neighboring country China is contiguous with 14 different countries of
Taliban seals Pakistan border, what will be the effect on trade relations with India?
After the Taliban's capture of Kabul, the most feared trade with India was being raised. Now it s
Delhi Weather: Capital covered in fog, AQI recorded at 142
Delhi was seen covered with a blanket of fog on Thursday morning due to the high humidity level i
WHO's warning - more use of antibiotics against corona will be Dangerous
Washington. The World Health Organization (WHO) has issued a warning that antibiotics are being u
It is time for celebration for the entire cast and crew of Missing Ladies. Their film has been of
Goa BJP MLAs hope Parrikar becomes prime minister
Panaji, March 23 (IANS) Goa's BJP legislators on Monday expressed hope that Defence Minister Ma
