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Manappuram News
Gold imports fall 32% on strict govt measures Gold imports to India declined 32.4 per cent in 2011-12, as the government stepped up measures to control the precious metal's flow into the country, including rises in import duties. A Reuters poll estimated that gold imports to India stood at 655 tonnes in the last financial year, compared with 969 tonnes the year before. In 2009-10, the year which saw a a worsening global economic sentiment, following
AUM growth drives Manappuram FY12 profit
Manappuram Finance Ltd, the Kerala-based gold loan non-banking financial company, reported a net profit of Rs 591.5 crore for FY12, compared to Rs 282.7 crore in the previous year, registering a
Private gold loan companies seek level playing field
Promoters press 'sell' button in March quarter
At a time when overseas investors were accumulating Indian shares in the January-March quarter, promoters of frontline companies were on a selling spree, taking advantage of a rebound in stock
Exposure limits of banks in gold loan NBFCs cut
The Reserve Bank of India (RBI) on Tuesday mandated banks to reduce exposure in any single non-banking finance company (NBFC) engaged in the gold loan business to 7.5 per cent from the existing 10
RBI proposes banks reduce exposure to gold loan cos
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