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SBI waives off processing fee on car loans fully, 50% on gold, personal loans
•"To bring more smiles to customers and their dear ones, bank has waived 100 percent processing fee on car loans till 31 December, 2017," SBI said.
Going to office as a 10-year-old was no chore, says Muthoot Finance MD George Muthoot
Sulekha_nair •Earlier, loans were taken for personal reasons and now a large chunk of it is availed for business purposes.
Gold loan curbs are because of risk concentration: RBI
George •Move to restrict bank exposure to gold loan companies was not prompted by any specific company, says RBI Governor Subbarao.
No loan against gold ETFs, MF, coins and also to buy gold
Fp Editors •As a gold consumer, you won't get a loan against gold ETFs, MF and coins. If you plan to buy gold, you can't avail a loan from an NBFC to do so.
RBI tightens screws on gold loans by banks
Fp Archives •Amid a steep fall in gold prices recently and the resultant risks to the system, the RBI on Friday further tightened screws on gold loans by banks, restricting them to finance import of the precious metal only for gold jewellery exporters.
Muthoot Finance's Rs 500-cr bond issue opens tomorrow
Fp Archives •The issue, priced at Rs 1,000 per bond with a minimum of Rs 5,000 worth of bonds, opens on March 2 and closes on March 17.
RBI norms on NBFCs a positive in the long run
Fp Archives •RBI guidelines will have an overall positive impact on the sector over the long-term, as these will reduce regulatory uncertainties that the sector has witnessed in the recent past and enhance stakeholders' confidence.
RBI blow: Manappuram looks set to lose more than Muthoot
Fp Editors •The markets have hammered both gold loan companies after RBI's new norms, but Manappuram seems to be worse impacted.
How Mannapuram, Muthoot burst their own bubble
Fp Editors •The existing high net interest margins enjoyed by these gold companies have not only attracted the regulators but also competitor.
RBI imposes prudential norms on NBFCs giving gold loans
Fp Archives •The prudential norms have been imposed considering the rapid growth of such firms and nature of their business model which has increased dependence on public finance.