Gold loan company Muthoot Finance Monday said it has submitted an application to RBI for a licence to start a bank. Kochi: Gold loan company Muthoot Finance Monday said it has submitted an application to RBI for a licence to start a.
About 40 per cent of the gold loan market is in South India. Public sector banks and NBFCs like Muthoot Finance and Manappuram control nearly 81 percent of the.
One of the advantages of gold loans is the quick turnaround time —as low as a few minutes from a customervisiting the branch of a bank or non-banking finance company. to the informal borrower,” said John Muthoot, chairman, Muthoot.
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Muthoot Finance Ltd has posted a 53 per cent increase in net profit at ₹454 crore for Q2 FY18, against ₹297 crore in the previous year period. Net profit stood at ₹805 crore, an increase of 42 per cent from ₹567 crore. Loan assets were at.
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Hyderabad, Dec 7 (PTI) Muthoot Finance, the flagship company of the Muthoot Group, has launched a new loan scheme targetting small and medium enterprises (SMEs) for their working capital requirements. Under the scheme, Muthoot.
Five unknown miscreants today barged in to a Muthoot finance company in Budharaja area, overpowered the staff including the armed security guard of and looted Rs 5 lakh and three bags containing gold ornaments at gun point.
CHENNAI: Muthoot Finance has launched a new gold loan scheme christened Muthoot Advantage Loan. This scheme offers the highest per gram rate, which is 75% of gold value with an initial rate of interest of 18 % per annum. Under this.
Muthoot Finance Ltd., one of the largest gold financing companies operating on a global scale whose Head Office is based in Kerala, India, made its first investment in the Sri Lankan market with the acquisition of controlling stake of Asia.
Muthoot Finance’s method of raising money through gold bonds has been questioned by its competitors, including a few public sector banks. This has resulted in a probe by the Reserve Bank of India. According to a few banks, the bond.
Muthoot Finance today said its customers can do their gold financing transactions through mobile phone app and web portal to keep the business going as cash has become a distant catch due to ban on Rs 500 and Rs 1000 notes.
Indian stock markets are likely to start Thursday’s session on a higher note with the SGX Nifty on Singapore Exchange trading up 30.50 points at 10,524. Shares in the other Asian markets hit a one-month high. MSCI’s broadest index of.
Thane: A four-men gang today tried to rob the office of Muthoot Finance in Naupada area of the city. The robbers entered the office, which is a short distance from Naupada police station, at around 3.30 pm and locked the employees in the.
"HCL Tech is a buy with a stop loss of Rs 900 for target of Rs 935." "Sell Muthoot Finance with a stop loss of Rs 462 for target of Rs 444," he added.
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Mumbai, October 4th, 2017: Muthoot Finance Ltd, India’s leading gold financing company alongwith The Bombay YMCA organised ‘Brainwaves 2017’ competition. The exclusive programme was conceived and conceptualised to bring out.
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2017 MUTHOOT FINANCE: FIN LAUNCHES NEW LOAN SCHEME FOR SMEs 2017 MUTHOOT FINANCE: offers gold loan for SMEs at lower interest 2017 MUTHOOT FINANCE: LAUNCHES LOAN SCHEME FOR SMEs 2017 MUTHOOT.
To promote its Money Transfer product, the group has planned a series of road shows outside Muthoot Finance outlets at 90 different locations in Punjab and Chandigarh. The Muthoot Group, which was in the news recently for the extensive.
MUMBAI–Muthoot Finance Ltd., a company that gives loans against gold jewelry as collateral, will tap the local market to raise funds by issuing non-convertible debentures for the second time in less than six months as banks remain reluctant.
Independent analyst Kunal Bothra has a buy call on Muthoot Finance with a target price of Rs 500. The current market price of Muthoot Finance is Rs 475.55. Time period given by the analyst is intraday when Muthoot Finance price can.