- Who is better Manappuram and Muthoot?
- What is the difference between Muthoot Finance and Muthoot Fincorp?
- Who is the CEO of Muthoot Finance?
- Is Muthoot Finance safe?
- Who controls NBFC?
- Is Muthoot Finance shutting down?
- Is Muthoot finance a NBFC?
- Can I sell NCD before maturity?
- Can NBFC give gold loan?
- Is LIC an NBFC?
- Is Muthoot finance a bank?
- How can I get loan from Muthoot?
- Who are Muthoot Fincorp competitors?
- Who is the owner of Muthoot Fincorp?
- How many branches does Muthoot Fincorp have?
Who is better Manappuram and Muthoot?
Comparison of Gold Loans Provided by Manappuram and MuthootComparison CriteriaManappuramMuthootMax/Min Loan AmountUp to Rs 1 croreRs.
1,500 to Rs.
1 croreLoan TenureUp to 12 monthsUp to 15 monthsInterest RateBase rate + 3% onwards14% onwardsProcessing FeesUp to Rs.
200Up to Rs.
5003 more rows•Aug 11, 2020.
What is the difference between Muthoot Finance and Muthoot Fincorp?
Just to be clear, 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 promoters are family cousins, they have no mutual business relations.
Who is the CEO of Muthoot Finance?
PREMARKETManagementAlexander M GeorgeWhole Time DirectorGeorge Alexander MuthootCEOGeorge Alexander MuthootManaging DirectorGeorge Jacob MuthootWhole Time Director12 more rows
Is Muthoot Finance safe?
The Muthoot Finance issue is risky since the company’s financial performance is particularly vulnerable to volatility in interest rates as well as of gold prices. The collateral against which the company offers loans may suffer erosion in value by the time principal amount is recovered.
Who controls NBFC?
Reserve Bank of IndiaThe working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934 (Chapter III-B) and the directions issued by it.
Is Muthoot Finance shutting down?
The ₹36,000-crore NBFC Muthoot Finance is considering closing down around 300 of its branches in the State that the management is unable to open owing to protest by a group of employees, who are physically not allowing these branches to function.
Is Muthoot finance a NBFC?
Muthoot Finance Limited is a gold financing company. The company is a non-banking financial company (NBFC) which is engaged in providing loan (financing) against collateral of gold jewellery.
Can I sell NCD before maturity?
NCDs get listed on stock exchanges where investors can sell it before maturity. Any gain earned through selling in secondary market is termed as capital gains. … However, if there is fall in interest rates after buying NCD then selling on stock market may prove beneficial as the NCD will demand a premium.
Can NBFC give gold loan?
NBFCs can offer loans only against gold jewellery. The purity of gold should be 18-24 carat. The lenders-banks and NBFCs-determine the value and give a part of that as loan. Since valuation is done by the lender, you can either accept its figure or walk out.
Is LIC an NBFC?
At a time when doors to short-term commercial paper (CP) market are nearly shut for the Rs-29 lakh crore asset size non-banking financial space, the Life Insurance Corporation (LIC) with war chest of funds is diving in with long-term funds for the NBFC sector. It is a win-win for both.
Is Muthoot finance a bank?
The company was incorporated as a private limited company on 14 March 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. … In May 2018, Muthoot Finance acquired Muthoot Money, a Non Deposit taking Non-Banking Financial Company.
How can I get loan from Muthoot?
If you apply for a higher loan amount, your monthly EMI will be high. Muthoot gives a minimum loan of ₹ 50,000 , which can go upto an amount of ₹ 15 Lakh. Interest rate – Higher interest rate increases your loan EMI as well as the total cost of the loan.
Who are Muthoot Fincorp competitors?
Muthoot Finance’s top 14 competitors are Esaf Microfinance, Manappuram, Shriram City, Muhtoot Fincorp, Kosamattam, Reliance Capital, Bajaj Finserv, Orange Retail Finance India, CIFCL, Shriramchits, Samasta Microfinance, STFC, L&T Financial Services and Suryoday.
Who is the owner of Muthoot Fincorp?
Muthoot Pappachan GroupMuthoot Fincorp Limited/Parent organizations
How many branches does Muthoot Fincorp have?
3600 branchesWith over 3600 branches across India, we endeavour to serve over 100,000 customers a day.