Friday November 28, 2014
However, they will take a final call on applying to RBI for such licences after going through the fine prints of the guidelines, which were released this evening.
Wednesday November 26, 2014
Indian companies have raised close to Rs 7,000 crore via retail issuing of non-convertible debentures (NCDs) in the first eight months of the ongoing fiscal year (2014-15), primarily to meet their working capital requirements.
Friday November 21, 2014
Individually, Shriram Transport Finance Company raised Rs 1,975 crore, as against a target of Rs 500 crore; Muthoot Finance mopped up Rs 466 crore against a base size of Rs 250 crore; and ECL Finance garnered Rs 400 crore as against Rs 200 crore.
Sunday November 9, 2014
Gold financing company Muthoot Finance has sought approval of the Securities and Exchange Board of India (Sebi) for raising up to Rs 400 crore through non-convertible debentures (NCDs) to support lending activities.
Thursday November 6, 2014
Gold loan finance major Muthoot Finance on Wednesday reported a 19 per cent drop in net profit at Rs 171 crore for the July-September quarter on account of lower asset growth.
Thursday October 9, 2014
Muthoot Finance has launched a new scheme to finance margin money needed to avail of home loans. As per norms, a home loan borrower has to contribute 20 per cent margin money (equity) to avail a housing loan for up to 80 per cent of the property's va...
Sunday October 5, 2014
Indian companies have mopped up close to Rs 4,500 crore via retail issuance of non-convertible debentures (NCDs) till September 18 in the current fiscal year, primarily to meet their working capital requirements.
Monday September 29, 2014
The Nifty opened lower on Monday as indicated by futures trade on Singapore Stock Exchange. Foreign investors had sold stocks worth Rs 1,134 crore on Friday. But however domestic investors offset the selling as they bought stocks worth more than Rs 1...
Friday August 29, 2014
Indian companies mopped up close to Rs 4,000 crore via retail issuance of non-convertible debentures in the ongoing fiscal year (2014-15), primarily to meet working capital requirements.
Tuesday August 26, 2014
The Nifty opened lower on Tuesday.Foreign investors continue to be net buyers of Indian equities but with a reduced momentum. FIIs bought shares worth Rs 127 crore whereas domestic investors were net buyers to the tune of Rs 46 crore on Monday. Nifty...
Monday August 25, 2014
Facing growth headwinds following regulatory tightening, pure-play gold financier Muthoot Finance on Monday announced branching out to Sri Lanka by acquiring a 30 per cent stake in Asia Asset Finance for $2.1 million (Rs 12.6 crore at 1 dollar = 60 r...
Monday August 11, 2014
Muthoot Finance Ltd, the largest provider of loan against gold in India, on Monday reported a 7.21 per cent dip in profit after tax at Rs 180 crore for the first quarter that ended on June 30, 2014.
Friday August 1, 2014
A total of 34,98,931 shares of Muthoot Finance were purchased by Government of Singapore, bulk deal information available with the stock exchanges showed.
Sunday July 20, 2014
Indian companies have mopped up over Rs 3,300 crore via retail issuance of non-convertible debentures (NCDs) till early this month, primarily to meet their working capital requirements.
Friday July 18, 2014
Maruti Suzuki India signed an MoU with Muthoot Vehicle and Asset Finance (MVFL) to enable customers avail 100 per cent finance for Maruti cars. The vehicles would be funded by MVFL and the down payment for it would be financed by Muthoot Finance.
Friday July 18, 2014
The minimum paid-up capital required for both categories of bank licences would be Rs 100 crore of which the promoter would have to contribute at least 40 per cent initially, the RBI said.
Tuesday July 15, 2014
Said to be the first of its kind finance scheme, the 'Muthoot Maruti Gold to Car Scheme' (MMG) will give Maruti customers 100 per cent on road financing for their vehicles across Kerala.
Thursday July 3, 2014
Shriram City Union Finance, Kosamattam Finance Ltd, SREI Infrastructure Finance Ltd, ECL Finance Ltd, Midland Microfin Ltd and Muthoot Finance Ltd collectively raised Rs 1,409 crore via NCDs during the April-June quarter of 2014-15 through six issuan...
Monday May 26, 2014
Commenting on the results, company chairman M G George Muthoot said it was a turbulent year for the company due to adverse regulatory environment, fluctuation in gold prices and economic slowdown.
Monday May 19, 2014
The Reserve Bank has permitted four non-bank entities to establish white label ATMs in India. Tata Communications Payment Solutions Ltd, Prizm Payment Services, Muthoot Finance Ltd and Vakrangee Ltd for setting up the white label ATMs.