Question: Is Muthoot Fincorp Listed?

What is meant by Muthoot Fincorp?

Muthoot Fincorp Limited provides financial services.

The Company offers home, auto, business, gold, and property loans, bonds, insurance, money transfer, foreign exchange, wealth management, and advisory services.

Muthoot Fincorp serves retail and institutional industries in India..

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 a bank?

The company was incorporated as a private limited company on 14 March 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. … In May 2018, Muthoot Finance acquired Muthoot Money, a Non Deposit taking Non-Banking Financial Company.

Who is better Manappuram and Muthoot?

Comparison of Gold Loans Provided by Manappuram and MuthootComparison CriteriaManappuramMuthootMax/Min Loan AmountUp to Rs 1 croreRs. 1,500 to Rs. 1 croreLoan TenureUp to 12 monthsUp to 15 monthsInterest RateBase rate + 3% onwards14% onwardsProcessing FeesUp to Rs. 200Up to Rs. 5003 more rows•Aug 11, 2020

How many branches does Muthoot Fincorp have?

3600 branchesWith over 3600 branches across India, we endeavour to serve over 100,000 customers a day.

Is Muthoot finance a public limited company?

Muthoot Finance Ltd. The company was converted into a public limited company on November 18, 2008 with the name “Muthoot Finance Limited” and received a fresh certificate of incorporation consequent upon change in status on December 02, 2008 from the RoC.

Is Muthoot Finance shutting down?

Leading gold financing firm Muthoot Finance on Wednesday announced the closure of 15 of its branches in various parts of Kerala through a newspaper advertisement. The company management also kept off a meeting convened by Labour Minister T P Ramakrishnan on Wednesday citing inconvenience.

Can I sell NCD before maturity?

NCDs get listed on stock exchanges where investors can sell it before maturity. Any gain earned through selling in secondary market is termed as capital gains. … However, if there is fall in interest rates after buying NCD then selling on stock market may prove beneficial as the NCD will demand a premium.

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 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.

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.

Who is the MD of Muthoot Finance?

PREMARKETManagementAlexander M GeorgeWhole Time DirectorGeorge Alexander MuthootCEOGeorge Alexander MuthootManaging DirectorGeorge Jacob MuthootWhole Time Director12 more rows

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.

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₹ 48,909₹ 3,30120 carat₹ 44,463₹ 3,30118 carat₹ 40,017₹ 2,701Aug 20, 2020