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Muthoot Finance posts 22% rise in net profit in Q4 of FY21 - The Hindu BusinessLine


Muthoot Finance posts 22% rise in net profit in Q4 of FY21
June 02, 2021
George Jacob Muthoot, Chairman, Muthoot Finance×
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. The net profit for the whole year went up to ₹3,722 crore against ₹3,018 crore, an increase of 23 per cent.
Gold loan assets up by ₹2304 crore
Loan assets stood at ₹52,622 crore as on March 31, 2021 against ₹41,611 crore as on March 31, 2020, a growth of 26 per cent. During the quarter, gold loan assets increased by ₹2,304 crore. ....

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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. ....

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