Is Muthoot Finance approved by 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 plan to buy IDBI MF nixed?

Muthoot Finance
Muthoot Finance had proposed to purchase 100 equity shares of IDBI AMC and IDBI MF Trustee Company held by the sellers for a total consideration of Rs 215 crore.

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.

Is Muthoot Finance good share?

It currently trades at 3.9 times its June 2021 book value, which is 22 per cent above its 3-year average multiple of 3.2 times. Its peer Manappuram Finance is comparatively smaller and has less exposure to gold loan, only 66.5 per cent are gold loans of overall book of ₹24,800 crore as of June 2021.

Is it safe to keep gold in Muthoot Finance?

The Muthoot Finance company assures its customers of utmost security and constant monitoring of all their facilities. Hence, customers can be reassured that their gold is in safe custody. Muthoot Finance gives gold loans starting from Rs. 1500 with no upper limit.

What is the salary of Muthoot Fincorp?

Muthoot Fincorp Salaries

Is Muthoot finance a large cap company?

Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 61413.60 Crore) operating in NBFC sector.

What happens if muthoot gold loan is not paid?

Failure to repay the loan will result in Muthoot Finance Ltd. auctioning off the same. The pledged gold has to be collected from the branch where it was initially pledged and stored.