Thomas John Muthoot

The Muthoot Pappachan Group, with its flagship gold financing arm Muthoot Fincorp, has floated a new company-MPG Security Group-to take its "technologically advanced security services through emergency response teams (ERTs)" nationwide.

Muthoot Fincorp Ltd, the flagship company of the Muthoot Pappachan Group, on Thursday welcomed the Reserve Bank of India's draft guidelines for licensing of payments and small banks.

The third largest pure-play gold loan player Muthoot Fincorp, a part of the Muthoot Pappachan Group, said on Tuesday it is looking at divesting up to 6 per cent of its promoter holdings to raise about Rs 500 crore.

The Muthoot Pappachan Group, with its flagship gold financing arm Muthoot Fincorp, has floated a new company-MPG Security Group-to take its "technologically advanced security services through emergency response teams (ERTs)" nationwide.

Muthoot Fincorp Ltd, the flagship company of the Muthoot Pappachan Group, on Thursday welcomed the Reserve Bank of India's draft guidelines for licensing of payments and small banks.

The third largest pure-play gold loan player Muthoot Fincorp, a part of the Muthoot Pappachan Group, said on Tuesday it is looking at divesting up to 6 per cent of its promoter holdings to raise about Rs 500 crore.