Moodys Investors Service has revised the outlook to The meeting commenced at 10.00 AM (IST) and concluded at 01.00 PM (IST). Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 47948.10 Crore) operating in NBFC sector. Nandakumar said that non-gold loan disbursements, which were almost non-existent in the first three-four months of the lockdown, have now started picking up. Investors who put in applications for more than Rs 10 lakhs are defined as HNIs, with this category of investors putting in applications worth Rs 2,333 crore. In fact, business is going so well that Muthoot Finance could be on track to beat its projected guidance for the year. For reprint rights: Times Syndication Service, ICICI Prudential Bluechip Fund Direct-Growth, Mirae Asset Emerging Bluechip Fund Direct-Growth, Stock Analysis, IPO, Mutual Funds, Bonds & More. Should traditional investors look to buy Muthoot Finance's NCDs? It will provide insurance coverage to the customers of Muthoot Finance as a loyalty product. They had earlier hit … Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. Buy Muthoot Finance, target price Rs 1280: Edelweiss, Day trading guide: Nifty might witness mild pullback if it fails to hold 13,500 level, Buy Muthoot Finance, target price Rs 1460: Motilal Oswal, RBI rejects Muthoot Finance's proposal to acquire IDBI Asset Management Company, RBI rejects Muthoot Finance's proposal to acquire IDBI AMC, Muthoot Finance, Bajaj Allianz General Insurance tie up to provide insurance on gold jewellery, Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's, Stock market update: BSE MidCap index rises 1%; Future Retail surges 10%, RBI imposes penalty on Muthoot Finance, Manappuram Finance, Stock market update: MidCap stocks advance; Indian Hotels Company surges 8%, Manappuram Finance forecasts loan growth at 20%, Stock market update: MidCap stocks down; Muthoot Finance tanks 8%, Stock market update: BSE MidCap index gains over 1%; Sun TV leaps 6%, Muthoot Finance Q2 results: Net profit rises 2.5% to Rs 931 cr, Muthoot Finance NCD raises Rs 2,967 crore on day 1, Stock market update: BSE MidCap index gains 1%; Shriram Transport Finance leaps 8%, Earn upto 8% from Muthoot Finance Non Convertible Debentures, Stock market news: Muthoot Finance shares fall over 1%. Financial planners point out that interest rates offered by Muthoot Finance are higher than those offered by banks and corporate deposits. Get latest Muthoot Finance News/Updates and Results/Analysis. Over 300 policemen including commandos of Organisation for Counter-terror Operations (Octopus) participated in the night-long operation at My Homes Housing Palace at … MUTHOOT FINANCE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2020 ,inter alia, to consider and approve A meeting of the Board of Directors of Muthoot Finance Limited (Company) is scheduled to be held on Tuesday, the 03rd day of November, 2020 at the Registered Office of the Company at Muthoot Chambers, Opposite Saritha Theatre Complex, Banerji Road, Kochi - 682 018, Kerala, inter-alia, to consider and approve the unaudited financial results of the Company for the quarter and half year ended September 30, 2020. The S&P BSE MidCap index was trading 0.77 per cent up at 16098.78. Managing director George Alexander Muthoot … We enclose herewith a copy of the newspaper advertisement regarding the transfer of equity shares of the Company to Investor Education and Protection Fund (IEPF) Authority. After marking day’s low at 13,403, Nifty ended in the positive territory at 13,524, up 36 points. A fixed deposit from SBI pays a up to 5.4%, while a corporate deposit from a AAA rated company returns 6- 6.5% every year. We are also India’s largest gold financing company in terms of loan portfolio. India Business News: The RBI has turned down the proposal of Muthoot Finance to acquire IDBI Bank's mutual fund business, saying sponsoring a mutual fund is not in consona The agency said Muthoot Finance - the third non-bank finance company it rates - is better positioned because of its focus on the gold loans business. The S&P BSE MidCap index was trading 0.39 per cent down at 15499.38. We are herewith attaching a Certificate from Mr. M.D. The index was trading 1.17 per cent up at 16628.22. We herewith enclose a copy of Press Release proposed to be released in leading newspapers across the country. Rise in gold prices aiding demand for retail gold loans. RBI increased LTV on gold loans to 90% for banks. The policy provides insurance coverage of gold jewellery for individuals. Stocks to watch today on December 14: Power Grid, YES Bank, Muthoot Finance, Jindal Steel, Cipla, L&T Tec among others are the top stocks to watch out for in Monday's trading session A fixed deposit from SBI pays upto 5.4%, while a corporate deposit from a AAA rated company returns 6- 6.5% every year. IDBI Bank, which was planning to sell its mutual fund business for Rs 215 crore to comply with regulations, will now have to find a new buyer. Total income grew 17.4 per cent to Rs 2,824.19 crore during July-September period of 2020-21 from Rs 2,406.39 crore in the same period of 2019-20, Muthoot Finance said in a regulatory filing. We herewith enclose a copy of the investor presentation for the quarter and half year ended September 30, 2020. Muthoot's shares have rebounded sharply from 52-week low of ₹ 477 hit in March. Muthoot Finance shares today ended 1% lower at ₹ 1173 on BSE. 03, 2020 has inter alia; approved the unaudited financial results (standalone & consolidated) for the Muthoot Fincorp on a standalone basis had a net worth of ₹ 3,006 crore and assets under management of ₹ 14,359 crore, as on 31 December, 2019, according to … List your Business on Economic Times for Free and reach out to millions of users. quarter and half year ended September 30, 2020. The central bank has also imposed a penalty of Rs 5 lakh on Manappuram Finance, Thrissur for non-compliance with directions on verification of ownership of gold jewellery. Motilal Oswal is bullish on Muthoot Finance recommended buy rating on the stock with a target price of Rs 1460 in its research report dated November 0... 11.22 am | 04 Nov 2020 |  Source: Moneycontrol.com, 2.05 pm | 21 Aug 2020 |  Source: Moneycontrol.com. We are humbled by the trust and confidence that people have shown in us for the past 132 years, and we continue pledging loyalty in our operations, fairness in our dealings and openness in our practices. Muthoot Finance on Thursday announced its plans to raise Rs 1,000 crore for lending activities by issuing secured redeemable non-convertible debentures (NCDs). Muthoot Finance Ltds latest non-convertible debenture (NCD) issue offers 6.75-7.75% returns annually. The policy provides insurance coverage for gold jewellery of individual customers. 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