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"What we are planning in the next three years, it (Muthoot … "During the past four and half months of the current financial year, we have disbursed ₹11,500 crore, up from ₹8,750 crore in the same period last fiscal, to 2.5 million customers. Their […] Muthoot also said the faster loan growth was driven by the new gold loan schemes it launched since May, including gold loans for nano and micro enterprises, MSMEs, students and other segments. A New Force Is Invading Wall Street. Muthoot Honda Promoted by the Muthoot Pappachan Group. The total income for Q4 FY20 touched Rs 146.8 crore. The company is a part of Muthoot Pappachan Group filed draft paper worth of Rs.500 crore ipo which offer 16,310,072 equity shares of Rs.10 each. About the Entities: Muthoot Capital Services Ltd, promoted by the Muthoot Pappachan Group is a Kerala based deposit taking, systematically important NBFC. 2,800 Crores and 7.50 lac+ customers spread across 21 states. The PCGS was announced on May 20 for three months as part of measures to help companies and individuals hit by the pandemic. Muthoot Pappachan Group has interests in Gold Loans,Banking and Finance,Alternate Energy Services,Automotive Services, Financial Services, Hospitality Services, IT Infrastructure Services, and Real Estate Investments Services.Know more about the Muthoot group from https://www.muthoot.com for … Your session has expired, please login again. The Group – Muthoot Blue. Along with the PCGS, the Reserve Bank had announced TLTRO to infuse liquidity into NBFCs and HFCs under which it offered special liquidity to them worth ₹25,000 crore. Tata Comm 964.95 45.95. Muthoot Microfin IPO Price Band. Muthoot Fincorp is in advanced talks with foreign private equity funds to raise between Rs 400 and Rs 500 crore for its microfinance business. Muthoot Capital Services Ltd., a part of the Thiruvananthapuram-based Muthoot Pappachan Group, is entering used four-wheeler lending as … Also it is seen that more than 65% customers take gold loans for their micro and small businesses. Muthoot Pappachan Group’s (better known as Blue Muthoot) NBFC arm Muthoot Fincorp has rolled out the fifth tranche of its Rs 900-crore public issue plan for the current fiscal. Muthoot is a family name based in Kerala. Muthoot Finance is still maintaining gold loan interest rate at 21% while Muthoot Fincorp, the flagship company of Muthoot Pappachan Group, has pegged the average interest rate at 22%. Muthoot Fincorp has received ₹1,475 crore from public sector banks under the partial credit guarantee scheme 2.0 of the government and the Targeted Long Term Repo Operations (TLTRO) launched by the RBI, in the last four months, he said. Under the scheme, the government provides 20 per cent of the first loss that banks may face from this exposure. Of the fresh disbursals, 75 per cent are to MSMEs including the nano and micro-retailers," Muthoot said. NSE Gainer-Large Cap . In case you can’t find any email from our side, please check the spam folder. Updated: 19 Aug 2020, 08:54 AM IST PTI Muthoot Fincorp loan book swells 32% this fiscal; mops up ₹ 1,475 crore 2 min read. Join Mint channel in your Telegram and stay updated with the latest business news. Muthoot Fincorp’s NCD issue to offer up to 11.03%, Muthoot Fincorp looks to raise up to Rs 480 crore via bond issue opening Thursday, Muthoot Fincorp expects 15-17 per cent growth in assets under management for FY20, Muthoot Fincorp, Manappuram NCDs don’t look very attractive, say experts, HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months, Ahead of banking recapitalisation, taking stock of the country's banking sector, IL&FS addresses aggregate debt of Rs 32,000 crore, RBI withdraws 3 circulars on excess pension recovery after discovering anomalies, Initiatives by these companies to recycle the E-waste, Partake a night dedicated to ideas, register now, Muthoot Fincorp to raise Rs 500 crore for its microfinance business, Terms of Use & Grievance Redressal Policy, Please clear the browser cache; if same error occurs. It'll just take a moment. The Muthoot Pappachan Group is a twelve decades old reputed business house based in Kerala,India. Muthoot Fincorp has received ₹1,475 crore from public sector banks under the partial credit guarantee scheme 2.0 of the government and the Targeted Long Term Repo Operations (TLTRO) launched by the RBI, in the last four months. Muthoot Capital Services Ltd's share price ended at Rs880.15, down by Rs6.55 or 0.74%, from its previous close of Rs886.70 on the BSE. “We thought of bringing down the rates to compete with commercial banks, though we can’t match their rates which are at 15-16 %,’’ Nandakumar said. Copyright © HT Digital Streams Limited All rights reserved. The Muthoot Group is an 127-year-old business house based in India. COIMBATORE: Muthoot Exim Pvt Ltd, the precious metal division of Muthoot Pappachan Group (MPG), today forayed into the multi-crore retail gold aggregation and recycling business segment by opening the first outlet here. The company, which is a part of Muthoot Pappachan Group, issued bonds having a tenure of 28 months, offering a coupon of 9.5 per cent per annum payable monthly, a release said. Ltd, the precious metals division of the 129-year-old Muthoot Pappachan Group, has launched ‘’Mobile Muthoot Gold Point,” which allows people to sell their old gold at their doorstep and convenience. Muthoot Pappachan Group, also known as Muthoot Blue, is an Indian conglomerate founded in 1887 by Ninan Mathai Muthoot.Headquartered in Trivandrum, Kerala, the group has a work force of more than 26,000 employees across 4,200 branches in India. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. It logged a profit of Rs 22.7 crore in January-March, 2018-19, according to a company statement. It also doubled the quantum stipulated bonds/ commercial papers that public sector banks can buy from NBFCs/HFCs. Oops! Looks like you have exceeded the limit to bookmark the image. Then access app in browser incognito mode. The share of gold loans is expected to fall to 76% from 83% earlier last year. MCSL is primarily into 2 W and Used 4 W financing business with a portfolio of approx. It has interests in Financial Services, Information Technology, Media, Healthcare, Education, Power Generation, Infrastructure, Plantations, Precious metal, Tourism, and Hospitality. Last year, it had disbursed Rs 18,000 crore. Gold loan player Muthoot Fincorp has raised ₹1,475 crore under the partial credit guarantee scheme and RBI's special liquidity measures for NBFCs/HFCs in the past four months, which has helped push its loan disbursals by 32 per cent so far this fiscal, a top company official said. Remove some to bookmark this image. The finance ministry on Monday extended the PCGS 2.0 by three more months to November 19. 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