M THE DAILY INSIGHT
// news

Is Muthoot finance a bank?

By Carter Sullivan

Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country….Muthoot Finance.

TypePublic
Operating income₹7,433 crore (US$990 million) (2020)
Net income₹3,168 crore (US$420 million) (2020)
Total assets₹54,881 crore (US$7.3 billion) (2020)

Who is owner of Muthoot?

The Muthoot Group
Muthoot Finance/Parent organizations

What are the services of Muthoot Finance?

The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking, home loans, personal loans, collection services, microfinance, windmill power generation, white label automated teller machine, instant money transfer services and domestic money transfer services.

How do I open a Muthoot Finance account?

Documents Required for Muthoot Finance Gold Loan

  1. Application form duly filled by the applicant.
  2. Photographs of the applicant.
  3. Proof of Identity: Voter’s ID card/ Passport/ Driving license/ Aadhaar card provided by UIDAI etc.
  4. Proof of Address: Voter’s ID card/ Passport/ Driving license/ Aadhaar card provided by UIDAI etc.

Is Muthoot government or private?

Muthoot Finance Ltd. Muthoot Finance was originally incorporated as a private limited company on March 14, 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. Subsequently, by fresh certificate of incorporation dated May 16, 2007, its name was changed to “Muthoot Finance Private Limited”.

Who is better Manappuram and Muthoot?

As per the current rates, Muthoot offers a lower interest rate of 6.90% on Gold Loan when compared to Manappuram which offers a Gold Loan at 7.00%.

How many branches Muthoot Finance in India?

Muthoot Finance falls under the category of systematically important non-banking financial company(NBFC) of the RBI guidelines. The company has more than 4,500 branches spread across 29 states and union territories of India.

Is Muthoot 800 years old?

The Muthoot Group, which has a family legacy of 800 years, was founded in 1887 by Late Shri Ninan Mathai Muthoot, as a modest trading business in the remote village of Kozhencherry in Kerala.

How can I check my Muthoot loan status?

Visit the official website of Muthoot. Now, log in your net banking account using your User ID or mobile number. Next, choose the track application option and now under the option of Choose Application Status option by, select mobile number. Once you enter the mobile number, an OTP will be sent to your number.

How do I check my Muthoot Finance balance?

You can call at 1800 313 1212.

Is Muthoot Finance open on Sunday?

Transactions can be done at any time during the Branch working time. Safe and Secure. It Works 24×7……even ON HOLIDAYS/SUNDAYS/After Banking Hours….. Whenever Muthoot Branch is Open.