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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.
Thursday May 1, 2014
Gold financier Muthoot Finance, which has entered the white label ATM space, has sought permission from the Reserve Bank of India (RBI) to pre-load part of gold loans in dedicated cards.
Wednesday March 12, 2014
Many firms including India Infrastructure Finance Company, Shriram Transport Finance Company, India Infoline Finance, SREI Infrastructure Finance and Muthoot Finance tapped the NCD route more than once in the current fiscal. Interestingly, all the is...
Friday February 7, 2014
The Reserve Bank of India (RBI) has issued 'certificates of authorisation' to four non-bank entities, including Tata Communications Payment Solutions and Muthoot Finance, to set up white-label ATMs (WLAs) in the country.
Tuesday February 4, 2014
The Reserve Bank has permitted non-banking companies to set up ATMs, referred to as WLAs, to increase the penetration of the facility across the country.
Cities | Press Trust of India | Tuesday February 4, 2014
A labourer from Jharkhand was today arrested in Hyderabad in connection with the theft at Muthoot Finance in Zaheerabad town and 7 kg gold ornaments and Rs 13.42 lakh in cash was seized from his possession, police said.
Thursday January 9, 2014
Non-banking finance companies (NBFCs) lending against gold on Thursday welcomed a recent move by the Reserve Bank of India to raise loan amount against pledged gold, saying this will facilitate financial inclusion, provide a level playing field in th...
Thursday January 9, 2014
The RBI said it has decided to allow non-bank finance companies to lend up to 75 per cent of the value of gold jewellery deposited with them as collateral with immediate effect, up from 60 per cent.
Wednesday January 8, 2014
People seeking loan against gold jewellery can now borrow more, as the Reserve Bank of India (RBI) on Wednesday allowed non-banking finance companies (NBFCs) to lend up to 75 per cent of the value of the metal from 60 per cent at present.
Friday December 27, 2013
Muthoot is aiming to garner up to Rs 250 crore through NCDs, and has the option to retain an oversubscription of up to Rs 250 crore.
Thursday November 7, 2013
Daily limit in the company has been raised to 20 per cent from 5 per cent, the NSE said late on Wednesday.
Thursday October 31, 2013
Gold financing company Muthoot Finance has reported a 21.2 per cent decline in net profit at Rs 211 crore for the quarter ended September 30.
Monday October 28, 2013
Last month, the Reserve Bank of India had tightened rules for gold non-banking finance companies, and had kept the loan-to-value ratio at 60 per cent.
Friday October 4, 2013
The plan was approved as a special resolution in the company annual general meeting held here on September 27, the company said in a press release.