Muthoot, Manappuram surge on RBI's draft rules for payments banks

Tags: Companies
Shares of non-banking financial companies, which take gold as collateral, surge after the central bank issued draft guidelines for those seeking a licence to set up a payments banks or a small bank.

Muthoot Finance Ltd surges 6.3 percent, while Manappuram Finance Ltd is up 3.3 percent.

These lenders would qualify as those allowed to apply for payments bank licences, traders say.


  • India’s economic recovery has to be consumption, and not investment, led

    It is well accepted that falling global commodity prices, especially oil, have helped the Indian economy regain lustre in the past year or so.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Purnendu Ghosh

Too shy people love themselves too much

We are essentially shy people. Our extent of shyness, however, ...

Shona Adhikari

When nature and naturism have a date

DAG Modern has announced its forthcoming exhibition The Naked and ...


William D. Green

Chairman & CEO, Accenture