Latest news with #Muthoot
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Business Standard
09-06-2025
- Business
- Business Standard
Muthoot Finance rallies 10% in 2 days, mcap crosses ₹1 trillion; here's why
RBI's revised guidelines are structurally positive for small-ticket credit lenders like Muthoot and Manappuram Finance, believe market analysts. Mumbai Listen to This Article Share price movement of gold finance companies today Shares of gold finance companies like Muthoot Finance (₹2,523.75) and Manappuram Finance (₹253.90) were trading higher for the second straight day, hitting new highs on the BSE in Monday's intra-day trade. These stocks were up in the range of 2 per cent to 3 per cent in intra-day deals. In the past two trading days, the stock prices of gold finance companies have rallied up to 10 per cent after the Reserve Bank of India (RBI) on Friday issued its final rules on loans against gold collateral, detailing
Time of India
06-06-2025
- Business
- Time of India
Cos hail RBI move to exempt small-ticket gold loans from stringent appraisal requirements
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Reserve Bank of India's move to exempt small-ticket gold loans from stringent appraisal requirements will go a long way in enhancing credit accessibility for the common man, gold loan companies said. They also said that the RBI 's decision to reduce the repo rate by 50 bps from 6% to 5.50% is expected to boost the overall credit situation in the Muthoot, chairman & managing director of Muthoot FinCorp, said, ' The move to exempt small-ticket gold loans from stringent appraisal requirements addresses a long-standing ask from the sector and will go a long way in enhancing credit accessibility for the common man. We look forward to reviewing the final guidelines in detail."RBI's decision to reduce repo rate by 50 bps from 6% to 5.50% is expected to boost the overall credit situation in the country. The central bank has also reduced the cash reserve ratio (CRR) of banks by 100 basis points, from 4% to 3%. These steps will improve the liquidity condition in the banking system, reduce credit cost, and enhance credit availability. "These measures will also help foster consumption and improve household savings. The overall improvement in the liquidity condition will stimulate economic growth and enhance credit availability, especially in the rural economy and MSME sector, which are badly in need of formal credit," said Umesh Mohanan, executive director & CEO of Indel Money."The likely uptick in consumption will also boost gold loan business and formal credit demand. Further, the RBI's decision to release the final regulation on gold loans is most welcome, as the industry is eagerly waiting for it. It is expected to hike the LTV ratio of small-ticket loans (ie, below Rs 2.5 lakh) to 85% from the current 75%. It is a major boost to all players in the gold loan industry," Mohanan added."Though the health of Scheduled Commercial Banks and NBFCs remains comfortable, and the economy is progressing well, the central bank clearly states that the stress in the microfinance sector is persisting. So, the RBI is not ready to lower its guard on the unsecured lending and credit card receivables. This cautious approach is going to strengthen the formal credit system," he said.
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Business Standard
30-05-2025
- Business
- Business Standard
Thomas Cook teams up with Muthoot Forex for wider payments reach
Travel company Thomas Cook on Friday announced a strategic partnership with Muthoot Forex — the foreign exchange division of the Muthoot Group — to expand the reach of its Borderless Travel and Study Buddy cards. Through this collaboration, both prepaid forex cards will now be available across Muthoot's extensive network of over 7,000 branches, including 43 full-fledged forex branches across India's metros, mini-metros, and tier II to tier IV source markets, the travel company said in a release. 'Our alliance with The Muthoot Group leverages our powerful synergies — combining our expertise in travel and foreign exchange with Muthoot's extensive network across India's tier I to IV source markets,' said Deepesh Varma, Executive Vice President, Foreign Exchange, Thomas Cook India. 'Through this partnership, we aim to bring our Borderless Travel and Study Buddy cards closer to consumers across India's metros and regional markets, making international travel and study abroad even more convenient and accessible.'
The Hindu
27-05-2025
- Business
- The Hindu
Muthoot signs a partnership with Bundesliga giant Borussia Dortmund
Kerala-based Muthoot Football Academy turned over a new leaf for youth development as its parent company, Muthoot Pappachan Group (MPG), signed a partnership with Bundesliga giant Borussia Dortmund this week. Dortmund, with one of Europe's best youth academies, has honed youngsters like Mario Goetze (academy product), Erling Haaland and Jude Bellingham, who went on to become FIFA World Cup (Goetze) and UEFA Champions League (Bellingham - Real Madrid, Haaland - Manchester City) winners. 'I have been to several places in India, and have had the chance also to meet with some of the ISL (Indian Super League) clubs,' Christian Diercks, the managing director of the club's Academy, said. 'What I feel on working with Muthoot is that the holistic approach is more important than just supporting one player to become a professional and make a living (out of football), and get transferred to Europe one day. I think this is the most important factor.' Muthoot has made inroads in age-group tournaments and State football in the last few years, lifting the Kerala Premier League this year and finishing third in the Reliance Foundation Development League (U-19) the year before. 'The first six months to one year will be about assessing what our requirements are in Kerala to start, from the grassroots upwards,' Hannah Muthoot, Director of Sports at MPG, said. 'Coaches will be travelling to Dortmund, and coaches from there will come to Kerala. We'll have players from here going to Dortmund and the same way back.' This is not the first investment from the German side in India. Dortmund previously joined hands with Hyderabad FC in the ISL in 2020, which got discontinued during the COVID-19 pandemic. In 2023, the club partnered with AMM Foundation, the philanthropic arm of the Murugappa Group in Chennai, to help the lesser-privileged communities – one that is still active.
News18
15-05-2025
- Business
- News18
Muthoot Finance Falls 5% Despite 22% YoY Jump in Q4 Profit, Record AUM; Should You Invest?
Last Updated: Muthoot Finance stock fell 5.22% during the day to Rs 2,142 per share, biggest intraday loss since April 11 this year; Check target price Muthoot Finance Share Price Today: Shares of Muthoot Finance dropped over 5% on Thursday, even as the company reported a 30% year-on-year rise in net profit for Q4 FY2025 and achieved its highest-ever assets under management (AUM). The stock fell as much as 5.22% intraday to Rs 2,142 — its sharpest single-day decline since April 11. It later trimmed losses to trade 4.5% lower at Rs 2,157, underperforming the Nifty 50, which was down 0.5% at 9:45 AM. While the stock has remained rangebound in May, it has recovered roughly 10% from last month's lows of Rs 1,965. Year-to-date, Muthoot Finance has gained 0.7%, compared to a 3.6% rise in the benchmark Nifty 50. The company's current market capitalisation stands at Rs 86,664.01 crore. Should You Invest in Muthoot Finance? Brokerages remain largely positive on the stock despite the recent dip. Nirmal Bang Institutional Equities maintained its 'Buy' rating and raised the target price to Rs 2,693 (from Rs 2,680), citing a 13.3% premium to the five-year average price-to-adjusted book value (P/ABV) multiple of 2.65 for the standalone business. Motilal Oswal Financial Services (MOFSL) noted that Muthoot delivered a strong operational performance in Q4, driven by robust gold loan growth, increased gold tonnage, and healthy customer additions. However, margins contracted sequentially due to higher borrowing costs, although yield pressure remained minimal. Asset quality improved, aided by gold auctions that helped reduce credit costs. Looking ahead, MOFSL said Muthoot is well-positioned to sustain loan growth amid reduced competition from banks and limited availability of unsecured credit. However, it warned that uncertainty around final RBI guidelines on gold lending could be a short-term drag on the stock, setting a target price of Rs 2,400. Nuvama Institutional Equities also retained its 'Buy' recommendation, raising its target price to Rs 2,625 (from Rs 2,550), based on 3.1x FY26E book value. Nuvama highlighted that NBFCs have suggested changes to the draft RBI guidelines on loan-to-value (LTV) ratios, which could benefit both lenders and borrowers. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: May 15, 2025, 11:24 IST
