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NBFCs in Kerala to work till 1 pm during lockdown - The Hindu BusinessLine

NBFCs in Kerala to work till 1 pm during lockdown May 07, 2021 NBFC association urges customers to make use of digital services offered by the companies The Association of Non-Banking Finance Companies has said they have been given approval to open for the public from 10 am to 1 pm during lockdown days. Thomas George Muthoot, President, Association of Kerala Non-banking Finance Companies (KNBFC), said the operations will be strictly under Covid protocols for the health and safety of their customers and staff members. He requested the public to make use of the digital services offered by the leading NBFCs in the state. Back-end offices of the NBFCs will support the branch and digital operations, while apps can be used for loan repayment, EMIs and loan top-ups.

Muthoot Capital Services reports decline in net profit in Q3

Muthoot Capital Services reports decline in net profit in Q3 January 31, 2021 Thomas George Muthoot, Managing Director, Muthoot Capital Services Ltd× RELATED The net profit of Muthoot Capital Services Ltd reduced to Rs 14 crore in Q3 of FY21 compared to Rs 19 crore in the same quarter last year. The total income for the quarter touched Rs 120.7 crore. With things slowly starting to return back to normal, the company while continuing to adopt a conservative approach, disbursed two-wheeler loans amounting to Rs 304 crore only and had a total disbursement of Rs 326 crore during the quarter. The total AUM reached Rs 2,224 crore at the end of the quarter, including the assigned portfolio of Rs 25 crore.

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