IDBI Bank, which is a subsidiary of Life Insurance Corporation, has to divest its share in the AMC since LIC already has a mutual fund unit. Selvaraj, Practicing Company Secretary, as required under Regulation 40(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, for the half year ended September 30, 2020. This is designed to provide insurance coverage of gold jewellery articles for customers of the company at the time of closure of gold loan and release of gold ornaments. Muthoot's shares have rebounded sharply from 52-week low of ₹ 477 hit in March. We are also India’s largest gold financing company in terms of loan portfolio. 1,000 each (“Secured NCDs”). The index was trading 1.26 per cent up at 14895.74. An update on the status of Share Purchase Agreement dated November 22,2019. On the technical front, secondary oscillators suggest volatility is likely to grip the market in the coming sessions as well.... 12.59 pm | 05 Dec 2020 |  Source: Moneycontrol.com. Interest rates offered by Muthoot Finance are higher than those offered by banks and corporate deposits. George Alexander Muthoot, Managing Director, Muthoot Finance, talks about rejection of the proposal to acquire IDBI Mutual Fund, RBI’s working committee recommendations and gold loan demand among others during a candid chat with Swati Khandelwal, Zee Business Get more Companies News and Business News on Zee Business. Buy Muthoot Finance, target price Rs 1280: Edelweiss, Day trading guide: Nifty might witness mild pullback if it fails to hold 13,500 level, Buy Muthoot Finance, target price Rs 1460: Motilal Oswal, RBI rejects Muthoot Finance's proposal to acquire IDBI Asset Management Company, RBI rejects Muthoot Finance's proposal to acquire IDBI AMC, Muthoot Finance, Bajaj Allianz General Insurance tie up to provide insurance on gold jewellery, Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's, Stock market update: BSE MidCap index rises 1%; Future Retail surges 10%, RBI imposes penalty on Muthoot Finance, Manappuram Finance, Stock market update: MidCap stocks advance; Indian Hotels Company surges 8%, Manappuram Finance forecasts loan growth at 20%, Stock market update: MidCap stocks down; Muthoot Finance tanks 8%, Stock market update: BSE MidCap index gains over 1%; Sun TV leaps 6%, Muthoot Finance Q2 results: Net profit rises 2.5% to Rs 931 cr, Muthoot Finance NCD raises Rs 2,967 crore on day 1, Stock market update: BSE MidCap index gains 1%; Shriram Transport Finance leaps 8%, Earn upto 8% from Muthoot Finance Non Convertible Debentures, Stock market news: Muthoot Finance shares fall over 1%. Muthoot Finance Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2020. Submitting the Compliance Certificate of Muthoot Finance Limited, as required under Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, duly signed by the Compliance Officer of the Company and the Authorised Representative of the Share Transfer Agent, for the half year ended on September 30, 2020. Latest Business News rbi IDBI Bank, which was planning to sell its mutual fund business for Rs 215 crore to comply with regulations, will now have to find a new buyer. Managing director George Alexander Muthoot … The S&P BSE MidCap index was trading 0.39 per cent down at 15499.38. Motilal Oswal recommended Neutral rating on Muthoot Finance with a target price of Rs 1300 in its research report dated August 19, 2020.... 10.11 am | 20 Aug 2020 |  Source: Moneycontrol.com, Facebook Twitter RSS Wap SMS SMS Alert iPad iPhone Blackberry OVI AndroidWindow, Old MCI!~!172@29@0@53!~!|company-article|muthootfinance|news|MF10!~!www|moneycontrol|com!~!|stocks|company_info|stock_news.php!~!is_mobile=false. Singapore, December 14 (ANI): Moody's Investors Service has affirmed Muthoot Finance Ltd's Ba2 corporate family rating and changed its outlook to stable from negative. Shares of Muthoot Finance Ltd. traded 1.34 per cent down in trade at 11:33AM on Tuesday. The index was trading 1.33 per cent up at 15287.16. We herewith enclose a copy of Press Release proposed to be released in leading newspapers across the country. You can switch off notifications anytime using browser settings. At the current price, Manappuram offers a great opportunity for risk takers... 12.28 pm | 06 Nov 2020 |  Source: Moneycontrol.com. Stable from Negative. Institutional investors put in another Rs 500 crore, while Rs 131 crore came in from retail investors. Company profile page for Muthoot Finance Ltd including stock price, company news, press releases, executives, board members, and contact information Filing complaint not easy, Xiaomi turns profitable in third year in India. Increase in LTV has further put banks in a sweet spot. Moodys Investors Service has revised the outlook to Pursuant to the requirement of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we would like to inform you about the Q2 FY 2021 results conference call of the Company scheduled on Tuesday, November 03, 2020 at 05.00 P.M. (IST) at Kochi. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited. Thu, 10 Dec 2020 05:14:00 GMT. Get latest Muthoot Finance News/Updates and Results/Analysis. MUTHOOT FINANCE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2020 ,inter alia, to consider and approve A meeting of the Board of Directors of Muthoot Finance Limited (Company) is scheduled to be held on Tuesday, the 03rd day of November, 2020 at the Registered Office of the Company at Muthoot Chambers, Opposite Saritha Theatre Complex, Banerji Road, Kochi - 682 018, Kerala, inter-alia, to consider and approve the unaudited financial results of the Company for the quarter and half year ended September 30, 2020. Riot-hit Apple supplier Wistron hired more than it could handle in its Karnataka factory, Join us in CXO Round Table Series on Project Management, Mysuru Rail Museum witness huge foot fall, Sankaran Naren names the biggest fund manager driving up stocks, Travel insurance - Everything that you must know, RIL, BP start gas production at ultra-deep-water R-cluster field off Kakinada coast, Bitcoin tops $16,000-mark! Never miss a great news story!Get instant notifications from Economic TimesAllowNot now. Muthoot Fincorp on a standalone basis had a net worth of ₹ 3,006 crore and assets under management of ₹ 14,359 crore, as on 31 December, 2019, according to … This is to inform you that Moodys Investors Service has affirmed Muthoot Finance Limiteds Gold loan NBFC Muthoot Finance Ltd has announced its 24th series of Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs. We enclose herewith the financial results for the quarter and half year ended September 30, 2020. Financial planners point out that interest rates offered by Muthoot Finance are higher than those offered by banks and corporate deposits. Stocks to watch today on December 11: Kotak Mahindra Bank, TCS, Bank of Baroda, Muthoot Finance, Coal India, United Spirits among others are the top stocks to watch out for in … Copyright © e-Eighteen.com Ltd. All rights reserved. We will communicate you only through the mail ID mails@muthootgroup.com. We are herewith attaching a Certificate from Mr. M.D. A fixed deposit from SBI pays upto 5.4%, while a corporate deposit from a AAA rated company returns 6- 6.5% every year. The agency said Muthoot Finance - the third non-bank finance company it rates - is better positioned because of its focus on the gold loans business. Banks aggressively lending retail gold loans. The issue will remain open from 11 December 2020 to … A fixed deposit from SBI pays a up to 5.4%, while a corporate deposit from a AAA rated company returns 6- 6.5% every year. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. We are a reputed … The higher returns are because of the lower credit ratings. Investors who put in applications for more than Rs 10 lakhs are defined as HNIs, with this category of investors putting in applications worth Rs 2,333 crore. Total income grew 17.4 per cent to Rs 2,824.19 crore during July-September period of 2020-21 from Rs 2,406.39 crore in the same period of 2019-20, Muthoot Finance said in a regulatory filing. The S&P BSE MidCap index was trading 0.77 per cent up at 16098.78. After marking day’s low at 13,403, Nifty ended in the positive territory at 13,524, up 36 points. We hereby submit the Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. with an option to close on such earlier date or extended date as may be decided by the Board of Directors or NCD committee, Muthoot said. Due to an inadvertent error occurred in the press release submitted earlier, we herewith enclose a copy of revised press release. George Alexander Muthoot, Managing Director, Muthoot Finance said, "Muthoot Finance as a company has always believed in the philosophy of … For more details, kindly Click here. It will provide insurance coverage to the customers of Muthoot Finance as a loyalty product. The Board of Directors of the Company, at its meeting held at the Registered Office on November 30, 2020, based on the recommendation of the Nomination and Remuneration Committee has approved the appointment of Mrs. Usha Sunny (DIN: 07215012) as an Independent Director on the Board of Directors of the Company with effect from November 30, 2020. MUTHOOT FINANCE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2020 ,inter alia, to consider and approve A meeting of the Board of Directors of Muthoot Finance Limited (Company) is scheduled to be held on Tuesday, the 03rd day of November, 2020 at the Registered Office of the Company at Muthoot Chambers, Opposite Saritha Theatre … Muthoot Finance Ltds latest non-convertible debenture (NCD) issue offers 6.75-7.75% returns annually. Rise in gold prices aiding demand for retail gold loans. IT, realty could be the sectors to bet on now, Kunal Bothra's trading ideas for this week, At $29 billion, holiday stock spending shows no trace of fatigue, This UK bond trend is seen powering ahead, Brexit deal or not, Dalal Street week ahead: Market at crucial juncture; stay highly sector & stock-specific, A checklist for investing success from a money manager Warren Buffett admires, Antony Waste Handling Cell raise Rs 90 crore from 10 anchor investors, Antony Waste Handling Cell raises Rs 90 crore from 10 anchor investors ahead of IPO. Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 48224.91 Crore) operating in NBFC sector. Webinar Presented by Knowlarity & Freshworks, Price of Muthoot Finance on previous budgets. According to a regulatory filing by IDBI Bank on Tuesday, a share purchase agreement with regard to the sale of IDBI Mutual Fund to Muthoot Finance was … Muthoot Finance Limited is a non-banking finance company. Motilal Oswal is bullish on Muthoot Finance recommended buy rating on the stock with a target price of Rs 1460 in its research report dated November 0... 11.22 am | 04 Nov 2020 |  Source: Moneycontrol.com, 2.05 pm | 21 Aug 2020 |  Source: Moneycontrol.com. The index was trading 1.17 per cent up at 16628.22. Prabhudas Lilladher is bullish on Muthoot Finance has recommended buy rating on the stock with a target price of Rs 1364 in its research report dated ... 4.10 pm | 02 Dec 2020 |  Source: Moneycontrol.com, 7.12 am | 20 Nov 2020 |  Source: Moneycontrol.com. Do you think too much power to the taxman bodes well for a country in repair? Latest Muthoot Finance Ltd News and Updates, Special Reports, Videos & Photos of Muthoot Finance Ltd on The Hindu BusinessLine. The activity of sponsoring a mutual fund or owning an asset management company is not in consonance with the activity of an operating NBFC," the regulator told the gold-loan company Monday. RBI increased LTV on gold loans to 90% for banks. We are humbled by the trust and confidence that people have shown in us for the past 132 years, and we continue pledging loyalty in our operations, fairness in our dealings and openness in our practices. Corporate Family Rating Ba2 CFR. The central bank has also imposed a penalty of Rs 5 lakh on Manappuram Finance, Thrissur for non-compliance with directions on verification of ownership of gold jewellery. The News Scroll 10 December 2020 Last Updated at 6:36 pm | Source: PTI Outlook December 10, 2020 18:36 IST Muthoot Finance to raise Rs … The Muthoot Finance Employees’ Union (MFEU) under the banner of Non-Banking and Private Finance Employees Association (NPFEA) began an … The Board of Directors of the Company at its meeting held at the registered office today i.e., November The midcap index has also scaled to a 52-week high with strong outperformance in the current week and would continue to outperform the broader indices... 10.53 am | 19 Nov 2020 |  Source: Moneycontrol.com. Nandakumar said that non-gold loan disbursements, which were almost non-existent in the first three-four months of the lockdown, have now started picking up. Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 47745.51 Crore) operating in NBFC sector. quarter and half year ended September 30, 2020. They had earlier hit … The appointment is for a period of 3 (three) years and is subject to approval of the shareholders of the Company. Muthoot Finance has been accoladed as India's No.1 most trusted financial services brand, according to the Brand Trust Report of 2016, 2017, 2018, and 2019 consecutively. We are herewith attaching the disclosure of related party transactions on a consolidated basis of Muthoot Finance Limited for the half year ended September 30, 2020, pursuant to Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The policy provides insurance coverage of gold jewellery for individuals. Stocks to watch today on December 14: Power Grid, YES Bank, Muthoot Finance, Jindal Steel, Cipla, L&T Tec among others are the top stocks to watch out for in Monday's trading session Muthoot Finance Ltd has announced its 24th series of public Issue of Secured Redeemable Non-Convertible Debentures of face value of ₹1,000 each (secured NCDs). The RBI on Thursday said it has imposed a penalty of Rs 10 lakh on Muthoot Finance, Ernakulam, for non-compliance with directions on maintaining loan to value ratio in gold loans and on obtaining copy of PAN card of the borrower while granting gold loans of over Rs 5 lakh. Muthoot Finance on Thursday announced its plans to raise Rs 1,000 crore for lending activities by issuing secured redeemable non-convertible debentures (NCDs). We herewith enclose a copy of the investor presentation for the quarter and half year ended September 30, 2020. India Business News: The RBI has turned down the proposal of Muthoot Finance to acquire IDBI Bank's mutual fund business, saying sponsoring a mutual fund is not in consona For reprint rights: Times Syndication Service, ICICI Prudential Bluechip Fund Direct-Growth, Mirae Asset Emerging Bluechip Fund Direct-Growth, Stock Analysis, IPO, Mutual Funds, Bonds & More. 03, 2020 has inter alia; approved the unaudited financial results (standalone & consolidated) for the Watch the full interview with George Alexander Muthoot, MD, Muthoot Finance on The Market here. Over 300 policemen including commandos of Organisation for Counter-terror Operations (Octopus) participated in the night-long operation at My Homes Housing Palace at … List your Business on Economic Times for Free and reach out to millions of users. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 46251.14 Crore) operating in NBFC sector. Muthoot Finance shares today ended 1% lower at ₹ 1173 on BSE. The issue is with a … Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 47948.10 Crore) operating in NBFC sector. In fact, business is going so well that Muthoot Finance could be on track to beat its projected guidance for the year. The policy provides insurance coverage for gold jewellery of individual customers. We enclose herewith a copy of the newspaper advertisement regarding the transfer of equity shares of the Company to Investor Education and Protection Fund (IEPF) Authority. Do not respond to such mails. Webinar: After demonetisation, what tax payers can expect from Budget 2017? NBFC Muthoot Finance said its loan-to-value is currently placed at 61%, against the regulatory requirement of 75% and long-term average of 69-70%. The stock has gained 125% since the … 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 … Muthoot Finance to raise up to Rs 1,000 crore via NCDs. Muthoot Group is a leading name in the world of non-Banking finance, dealing Gold Loan, Foreign Exchange and Money Transfer. The Company operates in two business segments: Financing and Power Generation. Forex reserves down by $778 mn to $578.568 bn, Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Banks risk-averse towards unsecured loans. The Board of Directors of the Company has announced the Unaudited Financial Results for the quarter and half year ended September 30, 2020. Muthoot Finance had proposed to purchase 100 equity shares of IDBI AMC and IDBI MF Trustee Company held by the sellers for a total consideration of Rs 215 crore. Here's a word of advice for investors, Anil Agarwal's Vedanta and Centricus to invest $10 billion in Indian companies, Future-proof your UC strategy, if you haven't already done that, Overcharged despite GST cut? New Delhi: Muthoot Finance, India’s largest gold loan NBFC, has partenered Bajaj Allianz General Insurance, to provide insurance on gold jewellery.The new product known as 'Muthoot Gold Shield' is the gold jewellery insurance scheme launched by Muthoot Finance for its customers. Muthoot Finance Ltd Sanctions loans only against pledge of gold ornaments. The meeting commenced at 10.00 AM (IST) and concluded at 01.00 PM (IST). Should traditional investors look to buy Muthoot Finance's NCDs? Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, 7.34 am | 16 Dec 2020 |  Source: Moneycontrol.com. Through the mail ID mails @ muthootgroup.com year ended September 30, 2020 Finance Ltd announced. You only through the mail ID mails @ muthootgroup.com that Moodys investors Service revised. 1 % lower at ₹ 1173 on BSE half year ended September 30 2020..., while Rs 131 crore came in from retail investors revised press release submitted earlier we... 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