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. The PCGS was announced on May 20 for three months as part of measures to help companies and individuals hit by the pandemic. Muthoot Fincorp loan book swells 32% this fiscal; mops up ₹ 1,475 crore 2 min read. 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. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. 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. Covered bonds are debt securities issued by a bank or financial institution and collateralized against a pool of assets that in case of failure of the issuer, can cover claims at any point of time. NSE Gainer-Large Cap . 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. 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. 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. Under the scheme, the government provides 20 per cent of the first loss that banks may face from this exposure. Muthoot Finance is the flagship company of Muthoot M George Group, and is different from other Muthoot-named Groups like Muthoot Pappachan Group, which already has a listed company in its fold - Muthoot Capital Services Ltd (BSE: 511766) - and the smaller Mini Muthoottu Group. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. In case you can’t find any email from our side, please check the spam folder. Copyright © HT Digital Streams Limited All rights reserved. Muthoot Gold Point is a unit of Muthoot Exim (P) Ltd., the precious metal vertical of the Muthoot Pappachan Group that specialises in innovative products and offerings in the precious metal space. Updated: 19 Aug 2020, 08:54 AM IST PTI Muthoot Fincorp is in advanced talks with foreign private equity funds to raise between Rs 400 and Rs 500 crore for its microfinance business. The vertical gives customers access to quality products that meet the highest standards at an affordable price. It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious metal, tourism, and hospitality.Muthoot Group operates in 29 states in India, and has presence in Nepal, Sri Lanka, US, UK and UAE. 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 has interests in Financial Services, Information Technology, Media, Healthcare, Education, Power Generation, Infrastructure, Plantations, Precious metal, Tourism, and Hospitality. Muthoot Fincorp, the flagship company of Muthoot Pappachan Group, has disbursed ₹11,500 crore to 2.5 million customers in the last four and … Of the fresh disbursals, 75 per cent are to MSMEs including the nano and micro-retailers," Muthoot said. Download The Economic Times News App to get Daily Market Updates & Live Business News. 2,800 Crores and 7.50 lac+ customers spread across 21 states. 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. But banks have only bought ₹21,262 crore from 90 entities so far. The Muthoot Pappachan Group is a twelve decades old reputed business house based in Kerala,India. The Muthoot Group operates in 23 states in India, and has presence in USA, UK and UAE. Muthoot said the company is witnessing credit demand from all segments of customers, including students for purchase of laptops to facilitate online education as schools are closed due to the pandemic driven lockdowns. The total income for Q4 FY20 touched Rs 146.8 crore. Muthoot Capital Services Ltd., a part of the Thiruvananthapuram-based Muthoot Pappachan Group, is entering used four-wheeler lending as … Last year, it had disbursed Rs 18,000 crore. Muthoot Capital Services has posted a net profit of Rs 13.6 crore in the quarter ended March as against Rs 22.7 crore in the same quarter of the previous fiscal year. Oops! Muthoot Cap Share Price, Muthoot Cap Stock Price, Muthoot Capital Services Ltd. Stock/Share prices, Muthoot Capital Services Ltd. Live BSE/NSE, F&O Quote of Muthoot … The Muthoot Pappachan Group is a twelve decades old reputed business house based in Kerala,India. Muthoot Honda is promoted by the Muthoot Pappachan Group which has a loyal base of more than 2 Lakh customers across Kerala. 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. They provide micro loans to women customers in rural regions in India. Muthoot Exim’s Swarnavarsham Diamond Jewellery will be available initially at 76 branches of Muthoot Fincorp, the flagship company of Muthoot Pappachan Group, he said. Log in to our website to save your bookmarks. A New Force Is Invading Wall Street. Looks like you have exceeded the limit to bookmark the image. Your session has expired, please login again. Bengaluru (Karnataka) [India], Feb 11 (ANI/PRNewswire): Muthoot Pappachan Group, popularly known as Muthoot Blue, a diversified conglomerate in the financial services industry, today announced the kick-start of an end-to-end 'Digital Transformation' of its financial services business, as a significant part of group-wide business transformation exercise. “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. The face value of each share is Rs.10, but the price band of the IPO is not yet disclosed. Muthoot Blue (or Muthoot Pappachan Group), with a reputation that has been shaped over decades with high quality practices, total customer satisfaction and steady growth in the field of business, built on God-given values of trust, truth, transparency and tradition and has become one of the top business houses today by the grace of God. Muthoot Fincorp is also launching a multimedia campaign celebrating Kabali and will soon be unveiling its own TV commercial, as the fervour is catching up fast ahead of the film release. Muthoot Microfin Limited gets SEBI’s Go Ahead for an IPO. Muthoot Capital Services, a part of the diversified Muthoot Pappachan Group, has reported 40 per cent decline in net profit at Rs 13.6 crore for March quarter due to the problems plaguing the auto sector. Non-banking finance company Muthoot Fincorp on Monday said it has raised Rs 125 crore through issuance of covered bonds. "While covered bond market has a considerable size of around Euro 2.6 trillion globally, it is still in a nascent stage in India with only a handful of issuances till date. Mumbai, Oct 13 2016: In another first, Muthoot Exim Pvt. It also doubled the quantum stipulated bonds/ commercial papers that public sector banks can buy from NBFCs/HFCs. The company is expected to launch IPO for Muthoot Microfin during 2019 as the Sebi mandate is to list it before September-October, this year, said Thomas John Muthoot, Chairman & Managing Director, Muthoot Pappachan Group. 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 … Muthoot Pappachan Group chairman and managing director Thomas John Muthoot. 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. "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. Also it is seen that more than 65% customers take gold loans for their micro and small businesses. You are now subscribed to our newsletters. 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. The scheme allowed public sector banks to purchase bonds or commercial papers worth ₹45,000 crore from NBFCs/HFCs. "What we are planning in the next three years, it (Muthoot … Muthoot Honda Promoted by the Muthoot Pappachan Group. He said the firm will tap the PCGS to raise around ₹600 crore more as scheme has just been extended by three months. 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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