Monday, March 2, 2020

MUTHOOT FINANCE EXPANDS ITS GOLD LOAN PORTFOLIO IN KARNATAKA.

Muthoot Finance Ltd., has plans to expand its gold loan
portfolio in karnataka through its 549 branches in karnataka.
Mr.George M Alexander -Executive
Director,Muthoot Finance Ltd.
Mr.Goerge m Alexander,Executive Director,Muthoot Finace Ltd.
said," The Gold loan assets in Karnataka is Rs.4837 crores in
Q3 FY 20 & the business increased by Rs.717 crores as on Q3FY20."

Muthoot Finance Ltd., has pan India presence & has over 
12 million customers.The expected growth of the company will be about 18% for
year ending 31st March,2020.Mr.Alexander said the compny has 
already raised Rs.3900 crores through bonds in the international
market.

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