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Manappuram Gold Loan News - Feb 2021
- 2020-11-20 : Manappuram Finance fined by the Central Bank
Due to the non-compliance with the regulations on gold jewellery ownership inspection, the bank levied a penalty of ₹ 5 lakh against the lender. As of 31st March 2019, the company regulatory review concerning its financial condition showed a violation of its directions. - 2020-11-09 : Mannapuram Q2 Net profit falls 6% at Rs 405 cr
Mannapuram Finance reported 16.57% rise in the Sep-20 quarter top-line sales revenues backed by gold loan at Rs1,565.58cr. Net profits for the quarter as measured by PAT was down 6.36% at Rs 405.44cr. - 2020-07-30 : Manappuram Finance Ltd reported a net profit of Rs. 368.11 crore in Q1FY2021
Manappuram Finance Ltd posted nearly 38% increase in its consolidated net profit at Rs 367.97 crore in the first quarter ended June of the current fiscal year. Further, the Bank reported total income bolstered gold of Rs.1516.47 crores. In addition to this, the bank reported that it’s gold loan portfolio grew by 33.44T% to Rs 17,736.79 crore during the quarter from Rs 13,292.41 crore a year ago. - 2019-11-07 : Manappuram Finance posts a profit of 82%
As per the Q2 Results, Manappuram Finance reported an 82% increase in the consolidated profit for the year. The NBFC informed that its Gold Loan assets under Management increased to Rs 15,168.34 crores, by up to 20.45 percent. - 2019-08-19 : Manappuram Finance reports 35% growth in net profit this fiscal
Gold loan NBFC, Manappuram Finance has witnessed an increase in the overall profit of 35%, with a net profit of 220% crore at hand. There is a significant rise in the company’s gold loan asset as well by 6.65%. The increase in profit is marked by an increase in gold loan business, which added 1.45 lakh new customers.
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