🚀 Gold Finance Stocks in Limelight: Muthoot Surges Most in Two Years; Manappuram & IIFL Follow Suit Gold finance stocks are making headlines as investor interest surges amid high trading volumes and skyrocketing options activity. The spotlight is firmly on Muthoot Finance, Manappuram Finance, and IIFL Finance, as these stocks post impressive gains and options traders bet big on future momentum. 📈 Muthoot Finance Stock Jumps 7.5% – Best Day in Two Years! Muthoot Finance Ltd., India’s largest gold loan NBFC, witnessed a stellar rally of 7.5%, marking its biggest single-day gain in two years. The surge was fueled by a sharp spike in call option activity and unusually high trading volume: 📊 Call options trading was 3x the daily average 🔁 Trading volume was 6x the average at this time of day 🔍 What’s Driving Muthoot Finance’s Rally? Investors are optimistic on gold finance lenders amid stable gold prices and rising credit demand in semi-urban and rural areas. The surge in call opti...
RBI Hikes ATM Charges: Customers to Pay Rs 23 Per Transaction Beyond Free Limits The Reserve Bank of India (RBI) has announced a revision in ATM withdrawal charges, increasing the per-transaction fee by Rs 2. Starting from January 1, 2022, customers using ATMs beyond their free transaction limits will now be charged Rs 23 per transaction instead of the previous Rs 21. Changes in ATM Transaction Charges Under the new guidelines: Customers will continue to enjoy free transactions at their bank's ATMs (five in metro cities and three in non-metro cities). Transactions at other bank ATMs will remain free for three transactions in metro centres and five transactions in non-metro centres. Beyond these limits, customers will be charged Rs 23 per transaction, applicable to both financial and non-financial transactions. Why the Increase in ATM Charges? The RBI has cited rising costs associated with ATM maintenance, security upgrades, and the deployment of cash as the key reasons behind this ...