Manappuram Finance has reported a consolidated web revenue of ₹556.5 crore for the primary quarter of FY25, reflecting 11.7 per cent improve in contrast with ₹498 crore in Q1 FY24. The consolidated belongings beneath administration (AUM) for Q1 reached ₹44,932 crore, marking a 21 per cent improve and a 6.8 per cent rise quarter-on-quarter. The … Read more
The anticipated reduce in rates of interest and geopolitical tensions will act as tailwinds for the gold charges, whereas the fast conversion to organised enterprise will hold the demand for gold loans strong. Excessive gold costs foster gold mortgage enterprise as clients can avail themselves of loans by pledging decrease volumes of gold, says V.P. … Read more
Manappuram Finance Ltd has reported a consolidated revenue after tax of ₹564 crore for the fourth quarter ended March 31, 2024, a progress of 35.7 per cent in comparison with ₹415 crore reported in the identical quarter of the earlier yr. The complete-year PAT stands at ₹2,198 crore, a 47 per cent enhance. The corporate’s … Read more
MUMBAI Gold mortgage NBFCs mentioned that the influence from the RBI directive to NBFCs to cap money mortgage disbursements at ₹20,000 goes to minimal asthe bulk of their enterprise is already digital. “Our extremely common product ‘On-line Gold Mortgage,’ which kinds 50 per cent of our gold mortgage guide, follows a totally paperless means of … Read more