Manappuram, Muthoot stocks fall down up to 9%

RBI's directive to NBFCs, limiting cash loans to ₹ 20,000, hits shares of Manappuram Finance & Muthoot Finance. Both stocks witness sharp decline in trading session.

[{"selector":"#anim-aefc4d5f-608c-478a-8b11-9447bdc2d14e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf534a9f-5222-401c-abd5-faafeda73e83","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Muthoot Finance shares plummet by 8.87% to ₹ 1,510 following RBI's announcement. Strict adherence to cash loan limit affects lending firm's market performance.

[{"selector":"#anim-657e5e5e-8daa-4849-9c26-f7ac3d123797","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28bf7209-5d19-412b-849a-a8b735591d88","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Manappuram Finance also faces significant drop of over 8.3% in share price, falling to ₹ 165.15 from its previous close. NBFC grapples with repercussions of RBI's directive.

[{"selector":"#anim-727c8d3a-48d9-481e-bc24-02bed9bb0f2d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99acada8-cf4c-439a-98f3-9b85f380413e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Gold loan & micro-finance NBFCs bear brunt of RBI's cash loan limit, impacting their operations & market sentiment. Morgan Stanley foresees operational changes for gold financiers.

[{"selector":"#anim-226a4074-542f-4bd3-a88f-c265077eea26","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61e435a0-1e89-4a09-a13e-33376912dc35","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Global brokerage firm Morgan Stanley predicts negative sentiment in near term for Manappuram & Muthoot Finance. enforcement of RBI's directive adds pressure on NBFC sector.

[{"selector":"#anim-56eb13d7-53b3-4e89-9ccc-5e9cec499a00","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eeb6095f-15b6-4eab-9ee7-ace98186ba99","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

RBI's recent actions, including directives to NBFCs like IIFL Finance to halt gold loan operations, highlight regulator's efforts to enforce compliance & transparency in lending sector.

[{"selector":"#anim-d6d8524d-d704-4dc2-b6d3-3789fad06bc9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2b324e3-bc24-4345-ae24-85349288588c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-cc3d0812-ae75-4dfb-a028-bbc55eefed59","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03dba8bb-140a-4f87-a1d2-077da919c3dc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fa0ec36-6603-4ea7-93ed-dade611ba268","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Open Demat Account

Check out more 5paisa webstories

[{"selector":"#anim-bc387788-7116-445d-b37c-130c6d3c2011","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17cfbbc4-5574-4933-a0ab-418a6c8a6742","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d760af30-71b7-4f7e-8d59-a99811044fa2","keyframes":{"transform":["translate3d(0px, 561.27896%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Manappuram, Muthoot stocks fall down up to 9%

RBI's directive to NBFCs, limiting cash loans to ₹ 20,000, hits shares of Manappuram Finance & Muthoot Finance. Both stocks witness sharp decline in trading session.

RBI's Cash Loan Payout Limit

Muthoot Finance shares plummet by 8.87% to ₹ 1,510 following RBI's announcement. Strict adherence to cash loan limit affects lending firm's market performance.

Impact on Muthoot Finance

Manappuram Finance also faces significant drop of over 8.3% in share price, falling to ₹ 165.15 from its previous close. NBFC grapples with repercussions of RBI's directive.

Impact on Manappuram Finance

Gold loan & micro-finance NBFCs bear brunt of RBI's cash loan limit, impacting their operations & market sentiment. Morgan Stanley foresees operational changes for gold financiers.

Effect on Gold Loan & Micro-Finance NBFCs

Global brokerage firm Morgan Stanley predicts negative sentiment in near term for Manappuram & Muthoot Finance. enforcement of RBI's directive adds pressure on NBFC sector.

Market Sentiment Outlook

RBI's recent actions, including directives to NBFCs like IIFL Finance to halt gold loan operations, highlight regulator's efforts to enforce compliance & transparency in lending sector.

Regulatory Actions by RBI

Check out more 5paisa webstories

Swipe up