Manappuram Finance shares rise 3% as RBI revises LTV to 85% for small gold loans
Shares of Manappuram Finance Ltd climbed 3% to ₹240.56 on Friday after the Reserve Bank of India (RBI) announced a key revision in gold loan regulations. RBI Governor Sanjay Malhotra stated that the loan-to-value (LTV) ratio will be increased from 75% to 85% for gold loans up to ₹2.5 lakh per borrower, inclusive of the interest component.
The stock opened at ₹234.58 and touched an intraday high of ₹242.58 before settling around ₹240.56, gaining ₹5.98 from the previous close. Manappuram's market capitalization stood at ₹204.33 billion, with a strong average volume of 4.68 million shares.
Additional measures announced by the RBI include eliminating the need for credit appraisals for small gold loans and requiring end-use monitoring only under Priority Sector Lending (PSL). Final guidelines on the new gold loan regulations are expected today or by Monday.
The announcements came as part of the RBI's broader policy update, which included a 50 bps repo rate cut to 5.5%, a CPI inflation revision for FY26 to 3.7%, and a maintained GDP growth forecast of 6.5%. These changes are expected to improve lending conditions and benefit key gold loan financiers like Manappuram.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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