niftify.in

The Economic Times

Technical Breakout Stocks: Home First Finance, Muthoot Finance & Krishna Institute hit fresh record highs; time to buy?

Stocks that hit fresh record highs on Friday include Home First Finance, which rose by more than 6%, Muthoot Finance, which gained over 1%, and Krishna Institute of Medical Sciences, which closed with a 1% increase.

The Economic Times

RBI imposes penalty on BNP Paribas, 3 others

The Reserve Bank of India has imposed penalties on BNP Paribas and three other financial entities for non-compliance with regulatory norms. BNP Paribas was fined Rs 31.8 lakh for not adopting a uniform external benchmark within the same loan category. Hewlett Packard Financial Services, SMFG India Credit Company, and Muthoot Vehicle & Asset Finance also faced penalties.

Business Standard

RBI imposes penalty on BNP Paribas, 3 others for compliance lapses

The Reserve Bank of India on Friday said it has imposed a penalty of Rs 31.8 lakh on BNP Paribas (the bank) for certain deficiencies in statutory and regulatory compliance. The central bank has also imposed penalties on Hewlett Packard Financial Services (India), SMFG India Credit Company, and Muthoot Vehicle & Asset Finance for non-compliance with certain norms. In a statement, the RBI said the penalty has been imposed on the bank for non-compliance with certain directions issued by it on 'Interest Rate on Advances'. Giving details, it said the statutory inspection for Supervisory Evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to BNP Paribas, advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank's

CNBC TV18

Gold Glitters: Manappuram, Muthoot Finance shares gain up to 5%

Muthoot Finance reported a sequential gold loan growth of 11% for the June quarter, while Manappuram Finance saw a 10% growth for its gold loan business for the same period.

CNBC TV18

SEBI gives IPO go-ahead to Muthoot Finance's Belstar Microfinance, Transrail Lighting

In another development, Transrail Lighting has also secured SEBI's nod for its IPO. The offering will feature a fresh issue of ₹450 crore and an OFS of 1 crore shares by promoter Ajanma Holdings.

The Economic Times

Bajaj Finserv, Muthoot Finance among 5 stocks with short covering

Short covering signals a shift from extreme bearishness to bullishness.

The Economic Times

Muthoot Finance reports 28% growth in loan AUM, reaching Rs 98,048 cr in Q1 FY25

Muthoot Homefin (India) Ltd (MHIL), the wholly owned subsidiary, loan AUM stood at Rs.2,199 crores in Q1 FY25 as against Rs.1,501 crores in Q1 FY24, an increase of 47% YoY. The loan disbursement for Q1 FY25 stood at Rs.221 crores as against Rs.109 crores in Q1 FY24, a YoY increase of 103%. Total revenue for Q1 FY25 stood at Rs.73 crores as against Rs.44 crores in Q1 FY24, registering a growth of 66% YoY. Profit after tax stood at Rs. 8 crores in Q1 FY25 as against Rs.5 crores in Q1 FY24, an increase of 60% YoY. Stage III assets stood at 1.75% as of June 30, 2024, as compared to 1.88% last year.

The Economic Times

RBI penalises CSB Bank, Union Bank of India, others

The Reserve Bank of India (RBI) has imposed penalties on five entities, including CSB Bank, Union Bank of India, and Muthoot Housing Finance, for non-compliance with regulatory norms. The penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into entities.

Business Line

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of Brigade Enterprises, Laurus Labs and Muthoot Finance