What is the meaning of Muthoot FinCorp?

What is the meaning of Muthoot FinCorp?

Muthoot Fincorp Limited provides financial services. The Company offers home, auto, business, gold, and property loans, bonds, insurance, money transfer, foreign exchange, wealth management, and advisory services. Muthoot Fincorp serves retail and institutional industries in India.

What is difference between muthoot and Muthoot FinCorp?

Muthoot FinCorp and Muthoot Finance are two separate companies without any common promoters. Muthoot FinCorp is headed by Thomas John Muthoot, while Muthoot Finance is headed by M G George Muthoot. While the two parameters are family, cousins, they have no mutual business relations.

How does Muthoot Fincorp work?

Muthoot Microfin Limited is one of the leading microfinance institution in India, focussed on providing micro loans to women entrepreneurs, predominantly in rural regions of India. The institution provides financial assistance through micro loans such as income generating loans to women engaged in small businesses.

Is Muthoot safe?

The issue has been rated A+ with a stable outlook by Crisil Ltd. According to the company, instruments with this rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations.

Can Muthoot Fincorp accept deposits?

Fixed Deposits You can open a Fixed Deposit account through any of our 3600 Muthoot branches all across the country.

How many branches does Muthoot Fincorp have?

With over 3600 branches across India, we endeavour to serve over 100,000 customers a day.

Is Muthoot 800 years old?

The Muthoot Group, which has a family legacy of 800 years, was founded in 1887 by Late Shri Ninan Mathai Muthoot, as a modest trading business in the remote village of Kozhencherry in Kerala.

Is Muthoot Finance purchase gold?

One of India’s most well-known financial corporations and the largest NBFC dealing with gold loans, Muthoot Finance offers high-quality gold coins that customers can buy at the best prices in India. To make the coins easily accessible for buyers, you can purchase gold coins online with us as well.

What kind of Finance does Muthoot Fincorp offer?

Muthoot Fincorp is a provider of mass finance in the form of gold loans. Decades of dedicated research and experience in rural strongholds have enabled the Company to provide quick and customised finance options and investment schemes for millions of customers who do not have access to mainstream commercial banks.

Which is the largest NBFC in India Muthoot Fincorp?

Recaptcha requires verification. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. Muthoot Fincorp has close to 3600 branches across India with an average walk in of over 1,00,000 customers per day.

Where does the Muthoot Group get its money from?

In 2013, the group also acquired a majority stake in an NBFC in Sri Lanka operating under the brand name of Asia Asset Finance Limited. Asia Asset Finance primarily provides loans to small businesses as well as Gold Loans. The group expanded its Gold Loan business to the UK, wherein it operates under the brand name Muthoot Finance UK.

What kind of company is Muthoot Vehicle and asset finance?

Incorporated in 1992, Muthoot Vehicle & Asset Finance is a public company engaged in providing vehicle loans. The company operates primarily in South India. The Reserve Bank of India classifies it as a Deposit taking Asset Finance Company.