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A Friend in Need

Unique Times November 17, 2023 0

Article By Dr Sumitha Nandan Executive Director, Manappuram Finance Ltd   Gold loan companies may benefit from the tightening credit cycle, higher-than-ever gold prices after the latest geo-political episode in the Middle East, and commercial lenders turning cautious in giving unsecured Continue Reading

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RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge

Unique Times November 17, 2023 0

On 16th November, the Reserve Bank of India (RBI) implemented stricter regulations on personal loans and credit cards, increasing the risk of a slowdown in loan growth. These new rules, involving higher capital requirements, are expected to raise the cost of such loans, potentially restricting the growth in these sectors that has surpassed the overall […]Continue Reading

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Fluctuating gold prices and risk management in gold loans

Unique Times April 29, 2021 0

Article by V.P. Nandakumar  MD & CEO of Manappuram Finance Ltd. In recent months, gold prices have fallen significantly from the highs recorded last year following the widespread economic disruption after Covid-19. The international price of the metal had crossed US$ 2,000 per troy ounce in August 2020 but has now declined to about US$ […]Continue Reading

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Gold loans – The importance of high LTV : V.P. Nandakumar

Unique Times December 19, 2013 0

The history and growth of India’s gold loan NBFCs is best studied by dividing it into three distinct phases. The first phase was the period up to 2005 or so when no one really bothered about gold loans, when growth was slow, steady and quite unexciting. It changed around 2005 when private sector institutional finance […]Continue Reading