Why did Muthoot Finance fall?

Shares of Muthoot Finance plunged over 6 per cent in opening deals on Monday as investors reacted to sudden demise of MG George Muthoot, the chairman of the largest gold loan NBFC in the country. The Muthoot group chairman passed away on Saturday reportedly after falling from the fourth floor of his house.

How many Muthoot branches are there in Kerala?

In its 600-plus branches in Kerala, Muthoot employs over 3,000 people and the trade unions have been trying to make them their affiliated association members for many years.

Can we trust Muthoot Finance?

*As per Power of Trust TRA Brand Trust Report (2016-2020), Muthoot Finance is India’s No. 1 Most Trusted Financial Services Brand for the year 2016, 2017, 2018, 2019 and 2020 consecutively. With a resolute focus on providing customers with the best services, Muthoot Finance has managed to earn the trust of millions.

Is Muthoot Finance approved by RBI?

KOCHI: Leading gold loan NBFC Muthoot Finance has received the Reserve Bank of India (RBI) sanction to set up a network of ATMs in the country. Muthoot Finance is one of the 10 non-bank players to receive RBI license to create ATM networks. The ATM cards of all banks will be accepted by the new ATM network.

Who is the new chairman of Muthoot Finance?

George Jacob Muthoot
George Jacob Muthoot appointed as the Chairperson of the Board of Directors. Gold loan lender Muthoot Finance Ltd has registered a 22 per cent increase in its net profit in Q4 of FY21 at ₹996 crore against ₹815 crore in the corresponding period of the previous year.

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.

How many Muthoot Finance branches in India?

Muthoot Finance falls under the category of systematically important non-banking financial company(NBFC) of the RBI guidelines. The company has more than 4,500 branches spread across 29 states and union territories of India.

Is Muthoot Finance Holiday List 2021?

It’s shows the List of holidays for BSE and NSE….Exchange Holidays.

Is Muthoot finance a bank?

Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country….Muthoot Finance.