During the quarter, loan assets stood at Rs 56,689 crore as compared to Rs 52,614 crore in the same quarter last year, a growth of 8 per cent year-on-year. For April to June period, loan assets declined by Rs 1,364 crore, down 2 per cent.

CLSA maintained the underperform rating on Muthoot Finance with a target price of Rs 1200 which translates into a marginal upside of over 1 per cent from Rs 1187 recorded on 12 August. Gold loan book contracted while discontinued teaser loans to benefit yields from the next quarter, the brokerage said. The expense ratio remains elevated.

LIC, Grasim, ONGC, Info Edge, Divi's Labs, Hindustan Aeronautics, Hero Motocorp, Muthoot Finance, Astral, Power Finance Corp, Timken India, ZEE and Sun TV are among the companies that will announce their earnings for the quarter ended June 2022.

It is about 36% cheaper than 22-carat jewellery. But while they look no different, you wont get a loan against 14-carat gold ornaments.

Emkay Global Financial Services and Abira Securities filed for mutual fund licenses this week. Similarly many new-age fintechs have applied for the mutual fund license and are awaiting the approval.

Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial, said that FIIs have turned buyers over the last two sessions as valuations turn comfortable while concerns are abating. "However, given the sharp rally in the last few days, we expect markets may take a pause and consolidate before resuming its upward journey. Investors would pick up cues from the ECBs MPC on Thursday and the US Fed meeting next week," he said.

“We view gold financiers as value traps if loan growth does not pick up,” it said. Investec said gold prices and ticket sizes have been the drivers of loan growth but customer base growth has remained weak. Moreover, the competition remains intense with commentary from leading banks suggesting that their focus on gold loans will remain in FY23.

Within the mid-cap arena, it chases absolute returns with a pure bottom-up approach. Its sizeable small-cap presence, compared to peers, is an outcome of this approach than design. After a stretch of weak performance (2018-20), the fund put in a strong show last year.