BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Gold loan non banking financial companies (gold loan assets more than or equal to 50%) are required to take prior Reserve Bank of India approval before opening more than 1,000 branches.
Muthoot Finance Ltd. and Manappuram Finance Ltd. mentioned in Q4 FY22 earnings call that there have been some delays by the RBI in providing approvals for further branch expansion which has traditionally been a growth concern for investors. However, RBI recently gave permission to Muthoot Finance to open 150 new branches which is a positive surprise.
In this report, we do a deep dive into the branch expansion history of the top listed gold financiers, per branch productivity and prospect of branch-driven growth ahead.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR