Who Are Muthoot Fincorp Competitors?

Who is the owner of Muthoot Finance?

Muthoot FinanceTypePublicIndustryFinanceFounded1939HeadquartersKochi, Kerala, IndiaKey peopleM.

G.

George Muthoot (Chairman) George Alexander Muthoot (Managing Director) George Jacob Muthoot (Joint MD) George Thomas Muthoot (Joint MD)5 more rows.

Is Muthoot Finance under RBI?

KOCHI: Leading gold loan NBFC Muthoot Finance has received the Reserve Bank of India (RBI) sanction to set up a network of ATMs in the country. Muthoot Finance is one of the 10 non-bank players to receive RBI license to create ATM networks.

Who controls NBFC?

Reserve Bank of IndiaThe working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934 (Chapter III-B) and the directions issued by it.

Who killed Paul Muthoot?

Kari SatheeshWhile eight accused were acquitted of murder, one of them — Kari Satheesh — had failed to file his appeal at the High Court against the Central Bureau of Investigation (CBI) court judgement which sentenced them to life term. Satheesh was the one who had stabbed Paul Muthoot and had publicly admitted it.

What is the difference between Muthoot Finance and Muthoot Fincorp?

Just to be clear, Muthoot Fincorp and Muthoot Finance are two separate companies without any common promoters. Muthoot Fincorp is headed by Thomas John Muthoot, while Muthoot Finance is headed by M G George Muthoot. While the two promoters are family cousins, they have no mutual business relations.

Is Muthoot Fincorp listed?

Kerala-based Muthoot Pappachan Group, which has diversified businesses including financial services, is expecting two Initial Public Offerings (IPOs) in the next three years including the listing of its flagship Non-Banking Finance Company (NBFC) Muthoot FinCorp Ltd.

Is Muthoot finance a NBFC?

Muthoot Finance Limited is a gold financing company. The company is a non-banking financial company (NBFC) which is engaged in providing loan (financing) against collateral of gold jewellery. … The company has a network of more than 5,190 branches all over India.

Where is the head office of Muthoot Finance?

Kochi, IndiaMuthoot Finance/Headquarters

How do gold loan companies make money?

Apart from these factors, it needs to be remembered that these gold loan companies also raise funds through deposits which are essentially long term money. By raising long term funds at lower rates and deploying them into short term gold loans, these gold loan companies earn an above-market spread.

Who is the brand ambassador of Muthoot Finance?

Amitabh BachchanMuthoot Finance’s brand ambassador Amitabh Bachchan will narrate real-life inspirational stories that break stigmas around gold loans in India in Sunehri Soch. Sunheri Soch aims at encouraging and educating masses about actively adopting gold loans and realizing their dreams.

How is interest paid in muthoot?

Through the Muthoot WebPay, customers can pay interest on their gold loans. To facilitate this service, Muthoot has partnered with IndusInd Bank and the online payment service provider Atom Technologies, says a Muthoot Finance press statement.

How much is gold loan per gram in muthoot?

Muthoot Gold Loan Rate Per Gram by Gold PurityGold PurityGold rate per gram- average of past 30 daysMuthoot best Gold Loan per gram22 carat₹ 48,929₹ 3,30320 carat₹ 44,481₹ 3,30318 carat₹ 40,033₹ 2,702Aug 20, 2020

What is gold loan scheme?

SBI Gold Loan can be availed by anyone who is facing a financial crisis. In return for the loan amount, the State Bank of India requires customers to submit their gold ornaments or coins as security. The application process is easy and does not require much time. More details of SBI Gold loan are provided below.

What is the interest rate of Muthoot Gold Loan?

11.99%Muthoot Gold Loan Interest Rates Nov 2020Muthoot Gold Loan Rate11.99% onwardsProcessing Fee0.25% to 1% of loan amount.Loan Tenure7 days to 36 monthsLoan Amount₹ 1,500 ₹ 0Prepayment ChargesNil1 more row•Aug 20, 2020

Is Muthoot Finance shutting down?

The ₹36,000-crore NBFC Muthoot Finance is considering closing down around 300 of its branches in the State that the management is unable to open owing to protest by a group of employees, who are physically not allowing these branches to function.

What is the meaning of Muthoot Fincorp?

Muthoot Microfin Limited is one of the leading microfinance institution in India, focussed on providing micro loans to women entrepreneurs, predominantly in rural regions of India. … The institution provides financial assistance through micro loans such as income generating loans to women engaged in small businesses.

Who is the CEO of Muthoot Fincorp?

Ltd. Focused and meticulous, Preethi John has made her presence felt as one of the board directors in several companies functioning under the aegis of the Muthoot Pappachan Group.

Is Muthoot Finance safe?

The Muthoot Finance issue is risky since the company’s financial performance is particularly vulnerable to volatility in interest rates as well as of gold prices. The collateral against which the company offers loans may suffer erosion in value by the time principal amount is recovered.

What is muthoot blue?

As Muthoot Fincorp Gold Loan portfolio is designed & developed around Life-cycle and life-stage needs & desires of the customers, Muthoot Blue Guide Gold Loan is designed for our customers looking for financial solutions for their day-to-day and emergency requirements. … You can get a loan up to Rs.