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Gold financing cos’ gain traction after RBI hikes NBFC’s gold loan limit to 75% of value

09 Jan 2014 Evaluate

Shares of two gold financing gained after the central bank allowed Non-Banking Finance Companies (NBFC) to lend up to 75% of the value of gold from 60% at present.

Muthoot Finance is currently trading at Rs. 129.10, up by 21.50 points or 19.98 % from its previous closing of Rs. 107.60 on the BSE.The scrip opened at Rs. 129.10 and has touched a high and low of Rs. 129.10 and Rs. 129.10 respectively. So far 127633 shares were traded on the counter.

Manappuram Finance is currently trading at Rs. 18.15, up by 3.00 points or 19.80 % from its previous closing of Rs. 15.15 on the BSE. The scrip opened at Rs. 18.15 and has touched a high and low of Rs. 18.15 and Rs. 17.30 respectively. So far 2857367 shares were traded on the counter.

RBI further underscored that the value of the jewellery for the purpose of determining the maximum permissible loan amount will be only the intrinsic value of the gold content therein and no other cost elements (like making charges) should be added thereto.

Muthoot Finance Share Price

3494.35 -68.30 (-1.92%)
24-Apr-2026 16:59 View Price Chart
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