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Muthoot Fincorp News
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Under Muthoot Fincorp Vyapar Vikas Gold Loan, the interest is calculated on a diminishing balance basis, ensuring that borrowers only pay interest on the outstanding amount.
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Muthoot will be approaching the government seeking permission for private players to do hallmarking and recycling as the 350 BIS-authorised hallmarking centres cannot take the load if the scheme becomes a success.
Muthoot Fincorp, the flagship company of Muthoot Pappachan Group, on Tuesday launched its Business Correspondent operations in the country with Yes Bank.
The issue which opened for subscription on July 3 was fully subscribed two weeks in advance of the original closing date of August 4, the company said in a release issued here today.
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