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Stock Market Live Updates: Sensex, Nifty trade weaker in 2023 s final session

Stock Market Live Updates: Sensex, Nifty trade weaker in 2023 s final session
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Muthoot Finance Builds Seminar Hall at Thanisandra Government High School as Homage to Former Chairman

Bangalore: Muthoot Finance, India’s largest gold loan NBFC company paid homage to their former Chairman Shri. M. G. George Muthoot contributed to building a seminar hall at the Government High School, Thanisandra in Bangalore. An event was held to hand over the keys of the hall to the Principal of the school, Smt. Rajeshwari D along with Block Education Officer, D

Positive First-Quarter Data Point To A Global, Sustained Economic Boom

Positive First-Quarter Data Point To A Global, Sustained Economic Boom
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India Gold Lenders Cut Duration, Seek Additional Guarantees Due To Price Fall

Gold loans had boomed over the past year as small businesses tried to revive themselves Indian companies that lend against gold are cutting tenors and seeking more collateral to protect against the plunge in prices of the precious metal. Market leader Muthoot Finance has been offering discounts on interest rates and other incentives to borrowers who chose to repay monthly or more frequently. Rival Muthoottu Mini Financiers is mostly lending for 90 days now versus 270 previously, and most large firms are disbursing amounts well below regulatory limits, which was 75 per cent of the metal s value for shadow lenders and 90 per cent for traditional banks through March 31.

Indian gold lenders reduce tenure, seek bigger collateral as price falls

Indian gold lenders reduce tenure, seek bigger collateral as price falls SECTIONS Last Updated: Apr 05, 2021, 07:22 AM IST Share Synopsis Market leader Muthoot Finance Ltd. has been offering discounts on interest rates and other incentives to borrowers who chose to repay monthly or more frequently. Agencies The gold loan segment’s bad-loan ratio is about 1% compared with 7.5% for the entire banking sector. Related By Suvashree Ghosh and Swansy Afonso Indian firms that lend against gold are cutting tenures and seeking more collateral to protect against the plunge in prices of the precious metal. Market leader Muthoot Finance Ltd. has been offering discounts on interest rates and other incentives to borrowers who chose to repay monthly or more frequently. Rival Muthoottu Mini Financiers Ltd. is mostly lending for 90 days now versus 270 previously, and most large firms are disbursing amounts well below regulatory limits, which was 75% of the metal’s value for shadow le

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