Gold loan lender Muthoot Pappachan Group's housing finance subsidiary is targeting to grow its book by nearly three times to Rs 300 crore by March, 2014, a top company official has said.
The 20,000 crore Muthoot Pappachan Group (MPG) on Tuesday said it was getting into the home loan business, with a focus on low income clientele. Muthoot Housing Finance will operate as a 100% subsidiary of Muthoot Fincorp, a non-banking finance company (NBFC) of the Kerala-based group.
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