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ET MUTHOOT FINCORP
Gold loans are no longer merely the last source of credit for the poor: Shaji Varghese, CEO, Muthoot FinCorpMuthoot Fincorp is gearing up for a monumental ₹4,000 crore IPO, seeking to ignite its expansion plans and harness the momentum of its curr...- Muthoot Microfin plans to cut risk by bringing down group micro loan share to 60% by 2030, says CEO Sadaf SayeedMuthoot Microfin is shifting focus from unsecured loans to business diversification. The company aims to reduce its microfinance asset shar...
- Gold loan fintech companies build own loan books as RBI tightens normsGold loan fintech startups are pivoting from loan sourcing to building their own loan books due to tightened RBI regulations. Companies lik...
- ET Family Business Awards: Muthoot FinCorp's journey from a modest Kerala based player to a national giantMuthoot FinCorp, a family business with roots tracing back to 1887, has evolved into a nationwide financial services player, earning the ET...
- Gold loan boom: 3,000 new branches to open in India in 12 monthsThe gold loan sector in India is on the verge of a significant boom. With nearly 3,000 new branches focused solely on gold lending slated t...
- Muthoot Microfin in diversification binge, to start gold loans soonMuthoot Microfin, leveraging relaxed RBI norms, is diversifying into secured lending, including gold loans via co-lending with Muthoot Finc...
- Hero FinCorp plans to raise $200-million loan amid IPO delayThe fundraise comes as Hero FinCorp's planned ₹3,668 crore IPO faces delays in receiving regulatory approvals, slowing its capital raising ...
- BankBazaar raises Rs 55 crore; enters gold loan business with Muthoot FincorpAlongside the investment, Muthoot Fincorp has also partnered with BankBazaar in the gold loan business, allowing the online loan sourcing p...
- UK’s Greater Pacific to invest $10 m in Muthoot MicrofinThe India-focused investor is raising its stake in the financial inclusion space at a time when the country is expected to emerge as the fa...
- Small borrowers raise their loan targets as gold prices shoot through the roofAs unsecured loans dried up post-lockdown and during the moratorium, borrowers have moved to gold loans; local gold prices have hit a recor...
- Buy some, sell some: Institutions shuffle NBFC investmentsThe weak sentiment is likely to see more selling by investors in the NBFC space.
- Muthoot Microfin to raise Rs 1,000 crore via IPOMuthoot Microfin is a wholly-owned subsidiary of Muthoot FinCorp.
- US fund Creation to invest Rs 350 cr in Muthoot MicrofinPromoters of the Kerala-based micro lender are selling a significant minority stake in the company, a subsidiary of Muthoot Fin-Corp, peopl...
- Muthoot Fincorp targets 27% growth in gold loan businessThe NBFC hopes to grow riding on rally in gold prices this year and exit of players from the gold loan business following RBI regulations.
- Muthoot's Kabali coins a big hitThe coins are available in the branches of Muthoot Fincorp mostly located in TN, Kerala, Andhra Pradesh, Telangana and Kerala.
- Muthoot Fincorp in talks with foreign PEs to raise Rs 500 croreThe fund raising in the micro finance business is expected to conclude in a couple of months and the funds will be used for business expans...
- Muthoot Fincorp to raise Rs 500 crore for its microfinance businessMuthoot Fincorp is in advanced talks with foreign private equity funds to raise between Rs 400 and Rs 500 crore for its microfinance busine...
- Non-deposit taking NBFCs rally as RBI relaxes rules"It has been decided that banks will be permitted to engage non-deposit taking NBFCs (NBFCs-ND) as BCs," the RBI said in a notification.
- Heard on the street: Muthoot Fincorp plans stake saleKerala-based Muthoot Fincorp, an unlisted finance company, is in talks with a private equity investor to raise Rs 500 crore by selling 5-6%...
- Muthoot Fincorp partners WWB for microfinance playSouth India’s leading NBFC, Muthoot Fincorp, is re-orienting itself as a microfinance entity in a strategic partnership with Women’s World ...
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