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Muthoot Finance to double business transactions to Rs 7,000 crore

31 Oct 2012 Evaluate

Muthoot Finance, Kerala based company aims to double its business transactions to Rs 7,000 crore in value terms by the end of this fiscal. In 2011-2012, it has achieved transactions valued at about Rs 3,500 crore. The company also started offering assured gift to customers for money transfer during the festive season.

Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.

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