Indian gold lenders rise after central bank eases rules for small-ticket gold loans

IIFL Finance

09/06/2025 05:12

** Gold financiers Manappuram Finance MNFL.NS up 1.5%, Muthoot Finance MUTT.NS rises nearly 2.5% and IIFL Finance IIFL.NS gains 3.6%

** MUTT, MNFL extend record high levels, IIFL at highest level since Nov 6

**  RBI on Friday relaxed norms for small-ticket loans

** Gold loan rules remove overhang of possible impact on loan growth on financiers as previously proposed draft had tighter norms - Jefferies

** Jefferies picks MUTT as top bet in gold lending space

** YTD - MNFL up 34%, MUTT gains 17.5% YTD, and IIFL rises 12% YTD

 (Reporting by Sethuraman NR)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))