Muthoot Fincorp plans gold recycling centres across country

Muthoot will be approaching the government seeking permission for private players to do hallmarking and recycling as the 350 BIS-authorised hallmarking centres cannot take the load if the scheme becomes a success.

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 Fincorp raises Rs 200 crore from NCD issue

The issue which opened for subscription on July 3 was fully subscribed two weeks in advance of the original closing date of August 4, the company said in a release issued here today.

Muthoot Fincorp joins WEF's GGC Community

Global Growth Companies (GGCs) community of World Economic Forum comprises 370 entities from 60 countries as its current members.

HC issues notice to Muthoot Fincorp

The Madras High Court bench has issued a notice to the district Administration and Muthoot Fincorp Limited on a petition, alleging that the firm demanded usury from its customers to redeem jewels pledged with it.

Muthoot Fincorp aims doubling MFI biz to Rs 600 cr in FY14

The diversified group, which nets its maximum income from the gold loan business, started its MFI business in April, 2010. As part of diversification and to offer more focus to the MFI business, the company had bought city-based Pancharatna Securities in January, 2012.

Gold loan firms setting up SRO as RBI tightens screws

Under the lens of the Reserve Bank, leading gold finance companies have decided to form a self-regulatory organisation (SRO) which will frame a fair business practices code for the industry.