Diabytes
Muthoot 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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The chairman of the Muthoot Finance company MG George Muthoot passed away after reportedly falling from the fourth floor of his house.
The police said they received information about MG George Muthoot being admitted to a hospital on Friday, he was later declared dead.
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Muthoot Finance has raised its stake further in subsidiary firm Belstar Investment and Finance Pvt Ltd (BIFPL) to 64.60 per cent.
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Shares of non-banking finance companies Muthoot Finance and Manappuram Finance soared as much as 9 percent in morning trade Friday after the Reserve Bank released draft guidelines for licensing of both payments banks and small banks.
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