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Now get home insurance scheme at starting premium of just Rs 500

Now get home insurance scheme at starting premium of just Rs 500

Muthoot Finance joined hands with Liberty Videocon General Insurance to provide a comprehensive home insurance policy with premium starting as low as Rs. 500.

Muthoot Finance Q1 profit flat at Rs 183 crore

Gold financing company Muthoot Finance Wednesday reported a marginal growth in net profit at Rs 183 crore for the first quarter ended June 30.

Muthoot Finance FY15 net profit falls 14% to Rs 671 crore

Muthoot Finance, the country's largest gold financing company, today reported 14 percent decline in net profit for 2014-15 fiscal at Rs 671 crore.

Muthoot Fincorp launches BC operations with Yes Bank

Muthoot Fincorp, the flagship company of Muthoot Pappachan Group, on Tuesday launched its Business Correspondent operations in the country with Yes Bank.

Muthoot Finance gets service tax notice for Rs 153 cr

Gold loan firm Muthoot Finance Monday said it has received a service tax notice demanding Rs 153.14 crore in taxes in addition to interest and penalty.

Muthoot Finance to act as business correspondent for Yes Bank

Non-banking finance company Muthoot Finance Monday said it has entered into an agreement with Yes Bank to act as its business correspondent.

RBI allows WLA operators to accept international cards

Apart from this, the RBI also allowed the WLA operators to tie-up with any commercial bank for cash supply at ATMs.

Nine police teams formed to crack Muthoot dacoity case

Nine teams have been constituted by the Superintendent of Police (city), to probe a robbery at a branch of Muthoot Finance company here.

Muthoot Finance FY14 Net profit drops 22% to Rs 780 cr

Gold loan company Muthoot Finance Monday reported a 22 percent dip in its net profit at Rs 780 crore for the fiscal ended March 31, 2014.

Muthoot Finance seeks RBI nod to launch pre-paid cards

Gold financier Muthoot Finance, which has entered the white label ATM space, on Wednesday said it has sought Reserve Bank's permission to pre-load a part of a gold loan in dedicated cards.

Muthoot promoters may sell stake once RBI clears bank licence

Currently, promoters of Muthoot Finance hold 80.12 per cent stake in the company.

Higher loan-to-value ratio will help gold loan cos: Icra

Rating agency Icra Wednesday revised its outlook on gold loan players Muthoot Finance and Manappuram Finance to 'stable' from 'negative', following the Reserve Bank's decision to increase the loan-to-value (LTV) ratios.

Gold financing stocks in demand; soar up to 20%

Shares of gold financing firms Muthoot Finance and Manappuram Finance Thursday surged up to 20 percent after the Reserve Bank allowed NBFCs to lend up to 75 percent of the value of metal from 60 percent at present.

Muthoot Finance Rs 500 cr NCD issue open till January 27

Muthoot Finance, which lends against gold, said its Rs 500 crore secured non-convertible debentures (NCDs) which opened on Friday for subscription will close on January 27 next year.

NSE revises circuit limits of over 1,400 scrips

Leading stock exchange NSE has revised circuit limits for shares of 1,439 companies, including Kingfisher Airlines, Muthoot Finance, Wockhardt, Reliance MediaWorks, as part of its surveillance action.

Muthoot Finance Q2 Net down 21.2% at Rs 211 cr

Gold financing company Muthoot Finance has reported a 21.2 percent decline in net profit at Rs 211 crore for the second quarter ended September 30.

Muthoot Finance to set up 250 ATMs in next 3 months

"We have in-principle approval from the RBI. We have identified locations in two states and intends to operationalise 250 ATMs by December," Muthoot Finance Chief General Manager K R Bijimon said.

Muthoot Finance April-June net profit drops 21% to Rs 194 crore

Muthoot Finance on Thursday said net profit fell 21.2 percent to Rs 193.88 crore in the first quarter ended June on the back of stagnating loan growth.

MuthootFin: Can turn 2,000 gold-loan outlets into bank branches

The largest pure-play gold mortgage player Muthoot Finance, which has applied for banking licence, has said it can easily launch commercial lending business with as many as 2,000 branches.

Muthoot Finance seeks licence to start a bank

Gold loan company Muthoot Finance Monday said it has submitted an application to RBI for a licence to start a bank.