Muthoot Capital Services has completed securitization transaction of Rs 119.56 crore on August 30, 2019. With this transaction, the company has so far raised total funds of Rs 300.89 crore through securitization / direct assignment transactions 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.