NBFC Muthoot Finance has lowered its guidance for the current fiscal year to 10-12% from 15% with active loan base shrinking in the third quarter.In Q3 of FY22, the number of loan accounts shrunk by 3% quarter on quarter (QoQ) while the number of active customers declined by 2% QoQ. Some customers have more than one loan account. New customer acquisition during the quarter stands at 4.2 lakh.“...

The board of directors of Muthoot Finance have approved payment of an interim dividend of Rs. 20 per equity share. "Shareholders whose names appear as on close of business hours of April 23, 2021 (a) as Beneficial owners as per the list to be furnished by the Depositories in respect of the shares held in electronic form and (b) as Members in the Register of Members of the Company in respect of sha...

NEW DELHI: Gold loan non-banking financial company (NBBC) Muthoot Finance Ltd on Thursday launched its 25th issue of secured public non-convertible bonds (NCDs), with an aim to raise up to Rs1,700 crore. The NCD, rated AA by rating agencies, is offering an effective yield in the range of 6.60-8.25% per annum.The NCD has a base issue size of Rs100 crore with an option to retain oversubscription of...

Muthoot Group Chairman MG George Muthoot passed away in New Delhi on Friday evening, the company said in a regulatory filing. He was 72.Muthoot Finance is one of the largest Gold Loan Non-Banking Financial Company (NBFC) in India.He was the third generation from his family to become the chairman of the Muthoot Group.He was the trustee of the Indian Orthodox Church and was also a member of the Nati...