Muthoot Finance to set up 250 ATMs in next 3 months

Last Updated: Sunday, September 8, 2013, 10:46

"We have in-principle approval from the RBI. We have identified locations in two states and intends to operationalise 250 ATMs by December," Muthoot Finance Chief General Manager K R Bijimon said.

Muthoot Finance April-June net profit drops 21% to Rs 194 crore

Last Updated: Thursday, July 25, 2013, 16:03

Muthoot Finance on Thursday said net profit fell 21.2 percent to Rs 193.88 crore in the first quarter ended June on the back of stagnating loan growth.

MuthootFin: Can turn 2,000 gold-loan outlets into bank branches

Last Updated: Sunday, July 14, 2013, 17:47

The largest pure-play gold mortgage player Muthoot Finance, which has applied for banking licence, has said it can easily launch commercial lending business with as many as 2,000 branches.

Muthoot Finance seeks licence to start a bank

Last Updated: Monday, July 1, 2013, 19:02

Gold loan company Muthoot Finance Monday said it has submitted an application to RBI for a licence to start a bank.

Muthoot, Manappuram scrips fall up to 3% on RBI restrictions

Last Updated: Tuesday, May 28, 2013, 13:22

Muthoot Finance scrip went down by 2.78 percent to Rs 143, while Manappuram Finance lost 1.47 percent to Rs 16.75 on the BSE.

Muthoot profit fall 6% in Jan-Mar; shares drop over 5%

Last Updated: Tuesday, May 14, 2013, 19:01

Total income of the company rose to Rs 1,411 crore in the quarter, from Rs 1,294 crore in the year ago period.

HC issues notice to Muthoot Fincorp

Last Updated: Wednesday, April 24, 2013, 19:34

The Madras High Court bench has issued a notice to the district Administration and Muthoot Fincorp Limited on a petition, alleging that the firm demanded usury from its customers to redeem jewels pledged with it.

Shares of gold loan companies, jewellery makers fall up to 12%

Last Updated: Tuesday, April 16, 2013, 12:59

Muthoot Finance's stock tanked 12 percent to Rs 115.6, while Manappuram Finance plunged 9.77 percent to Rs 15.70 -- its lowest trading permissible limit for the day on the BSE.

Gold price crash will have 'minimal' fallout: Muthoot Finance

Last Updated: Monday, April 15, 2013, 23:55

With the company scrip getting battered following the slump in gold prices and amidst reports of RBI seeking loan value details, the largest gold loan player Muthoot Finance Monday sought to play down the impact of this on its business, saying it will have "minimal" fallout.

Muthoot Fin may up public shareholding to 25% this quarter

Last Updated: Monday, January 14, 2013, 22:33

The country's largest gold loan company Muthoot Finance Monday said it may dilute promoter stake by the end of this fiscal to comply with SEBI's minimum public shareholding norms of 25 percent.

Muthoot registers Rs 270 cr PAT in Q3

Last Updated: Monday, January 14, 2013, 15:57

During the same period in the previous fiscal the PAT was Rs 251 crore. The year-on-year increase was 7 percent, Company Chairman M G George Muthoot told reporters here.