Muthoot Capital Services has completed a securitization transaction of Rs 140.37 crore on May 31, 2019. This was the first securitization / direct assignment transaction carried out by the company during the FY 2019-20.
The entire pool is from the non - priority sector and has been taken after considering the guidelines prescribed by the Reserve Bank of India in this regard.
Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.
