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GEORGE ALEXANDER
George Alexander Muthoot sees no demand slowdown, expects strong gold loan momentum to continueMuthoot Finance's gold loan growth remains robust, fueled by higher gold prices. The company observes a decline in smaller loans, with larg...- India's gold loan market has huge potential, there's lot of idle metal: George Alexander MuthootThe rise in prices will add to the growth momentum as it will give more borrowing power to those who are pledging gold. The uncertainties w...
- Bankers welcome RBI’s calibrated stance, regulatory stepsBankers have praised the Reserve Bank's decision to maintain current interest rates. This move, alongside specific industry adjustments, is...
- 100% sure new RBI guideline on gold financing is not going to impact our volumes: Muthoot FinanceGeorge Alexander Muthoot affirms Muthoot Finance's readiness for the RBI's directive, ensuring seamless transitions to bank transfers for l...
- 90% of Muthoot Finance assets are in gold loans now: George Alexander‘We have reached the milestone of having Rs 50,000 crore of AUM in gold loans.’
- We expect 15-20% AUM growth for whole of next year: George Alexander MuthootI do not know whether any other NBFC sector has this ALM advantage, says Muthoot
- Muthoot Finance will consider more fund raising via NCDs: George Alexander Muthoot“We have made Rs 480-crore profit in this quarter which is fairly good compared to the industry.”
- Muthoot's vehicle finance, personal loan entry plan is taking shape
- NBFC sector, gold loan firms went through difficult times in past four years: George Alexander Muthoot, Muthoot Finance"The advantage of the credit rating upgrade is that we will be able to have a more wider set of investors as well as reduce our borrowing c...
- If economy picks up, there will be more demand for gold loans: George Alexander Muthoot, MD, Muthoot FinanceIn an exclusive interaction with ET NOW, George Alexander Muthoot, MD, Muthoot Finance talks about gold prices, demand for gold finance & d...
- Muthoot Finance again has a chance to be a bank : George Alexander MuthootThe NBFC had applied for a banking license in 2013, but it got postponed and now the opportunity is back.
- See demand for gold loan in semi-urban, rural areas: George Alexander Muthoot, Muthoot FinanceThe market understands that these are difficult times and we are able to do reasonably well and post a profit after tax of Rs 211 crore thi...
- Muthoot Finance seeks licence to start a bankGold loan company Muthoot Finance today said it has submitted an application to RBI for a licence to start a bank.
- NPAs are not an issue for gold loan companies: George Alexander Muthoot, Muthoot Finance"Credit loss is an important aspect for a gold loan company."
- Gold loan growth has been robust, have no concerns: Muthoot Finance"Today the total gold loan business by the NBFCs is of about Rs 50,000 crore, but the gold loan business by banks is more than Rs 1 lakh cr...
- RBI guidelines on gold loans will strengthen NBFC sector: George Alexander Muthoot, Muthoot FinanceWe should welcome the measures taken by RBI because it will go a long way in ensuring that the players in the industry have a robust capita...
- Muthoot Finance plans Rs 500-cr bonds issue by month-endMuthoot Finance today said the company hopes to hit the debt markets with the third bond issue this fiscal, for Rs 500 crore by the end of ...
- Muthoot Finance to raise Rs 600 cr via public bond saleThe company is borrowing funds through two, three, five-year bonds and five-and-a-half year zero-coupon bonds.
- Muthoot Finance to open 50 branches in West BengalMuthoot Group to open 50 branches in WB by Mar'12, the company managing director George Alexander Muthoot said.
- Expecting PAT level at 50-60%: Muthoot FinanceIn an interview with ET Now, George Alexander Muthoot, MD, Muthoot Finance, expressed his views on company's performace. Excerpts:
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