Govt may allow NBFCs to take deposits under gold monetisation scheme

FinMin to step up discussions with stakeholders

by Janhavi Behere

The government may consider allowing non-banking financial companies (NBFCs) and some other financial institutions to take gold deposits in order to boost the performance of the gold monetisation scheme. The finance ministry is likely to step up discussions with stakeholders on how to convince temples and trusts that are sitting on huge piles of gold to participate in this scheme, as per a report in Financial Express. The proposal, if implemented would help the gold monetisation scheme which has witnessed deposits of just 7-8 tonnes since its launch in November 2015.

References
1. http://www.financialexpress.com/india-news/gold-monetisation-scheme-centre-eyes-allowing-nbfcs-fis-to-take-deposits-may-benefit-muthoot-finance-manappuram-finance/764111/
CMIE STATISTICS
Unemployment Rate
Per cent
3.3 -0.0
Consumer Sentiments Index
Base September-December 2015
94.9 0.0
Consumer Expectations Index
Base September-December 2015
95.4 0.0
Current Economic Conditions Index
Base September-December 2015
94.1 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 16 Dec 16 Mar 17 Jun 17
New projects 2.37 1.43 2.91 1.55
Completed projects 2.21 0.94 1.81 1.02
Stalled projects 0.65 1.01 0.35 2.45
Revived projects 0.91 0.17 0.62 0.29
Implementation stalled projects 0.37 0.81 0.33 0.63
Updated on: 27 Jul 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Sep 16 Dec 16 Mar 17 Jun 17
All listed Companies
 Income 2.1 6.2 10.3 9.2
 Expenses 1.9 6.4 11.8 9.6
 Net profit 14.6 40.4 17.7 4.5
 PAT margin (%) 6.9 6.1 6.2 12.5
 Count of Cos. 4,494 4,492 4,354 274
Non-financial Companies
 Income 0.6 6.0 11.8 8.8
 Expenses -0.2 7.3 15.5 9.4
 Net profit 26.7 24.7 -1.0 2.0
 PAT margin (%) 6.9 6.2 6.4 12.4
 Net fixed assets -9.2 7.6
 Current assets 8.1 2.5
 Current liabilities 11.6 9.3
 Borrowings 3.1 5.4
 Reserves & surplus 8.4 7.7
 Count of Cos. 3,491 3,493 3,398 202
Numbers are net of P&E
Updated on: 27 Jul 2017 8:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.6 9.9 5.0 1.0
 Expenses 12.8 9.8 5.1 1.2
 Net profit 1.0 -2.3 1.4 -14.2
 PAT margin (%) 3.5 3.2 3.2 3.1
 Assets 14.3 12.3 9.4 8.7
 Net worth 9.6 9.6 8.8 7.6
 RONW (%) 6.8 6.2 6.1 5.4
 Count of Cos. 25,169 22,706 21,937 18,146
Non-financial Companies
 Income 11.9 9.6 4.1 0.0
 Expenses 12.2 9.3 4.3 -0.6
 Net profit -8.5 -2.7 -5.9 8.1
 PAT margin (%) 2.4 2.2 2.2 2.8
 Net fixed assets 12.9 11.6 13.2 12.6
 Net worth 7.8 8.6 7.4 6.9
 RONW (%) 5.5 5.1 4.9 5.6
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 1.9 1.9 2.1
 Net working capital cycle (days) 72 69 67 66
 Count of Cos. 19,615 18,084 17,557 14,859
Numbers are net of P&E
Updated on: 22 Jul 2017 1:04PM

Time-series available since 1992-93