George Alexander Muthoot

The NBFC cited three key factors behind the strong quarterly show, which are, a healthy demand for gold loans, strong momentum in gold prices, and recent lending guidelines by RBI that were seen as business friendly by the industry.

Belstar MFI IPO may be deferred by a year due to stress in the sector, says Muthoot Finance MD George Alexander Muthoot

Muthoot during an interview said the lender does not find deficiencies in their gold loan portfolio after the review. 

Muthoot Finance shares rise 7% on investor interest after AUM tops Rs 1 lakh crore as gold loans surge

Muthoot Finance's AUM grew by 31% on year to reach Rs 1.04 lakh crore on a consolidated basis. Its gold loan AUM too is at a record high of Rs 86,164 crore, with a robust collection.

MC Exclusive | Seeing tough competition from banks, Muthoot Finance to step up gold loan growth, says MD & CEO

The NBFC expects to grow its gold loan book by 5 percent by the end of the current fiscal year, says George Muthoot. He says after Budget 2023, NBFCs are not in a position to issue NCDs and this has affected retail investors.

Muthoot Finance aims to grow consolidated AUM by 10% in FY23, MD says 

The Non-Banking Financial Company (NBFC) expects to disburse gold loans worth Rs 8,000-9,000 crore every quarter and raise funds worth Rs 300-500 crore through a sale of bonds next month, George Alexander Muthoot said

Muthoot Finance declares interim dividend of Rs 20/share for FY23

The record date for reckoning the shareholders who will entitled to receive the said dividend shall be April 26, 2022.

Muthoot Finance expects gold loan portfolio to grow 15-20% in 2020-21: MD George Alexander Muthoot

Muthoot Finance witnessed a 22 percent growth in its gold loan portfolio in the last financial year ended March 2020.

Coronavirus pandemic | Muthoot Finance to re-open all branches from April 20

The ministry of home affairs (MHA) on Friday had released a new list of activities that are exempted from the extended nationwide lockdown, including services offered by NBFCs and cooperative credit societies with minimum staff.

Muthoot Finance expects FY18 AUM growth at over 15%

In an interview to CNBC-TV18, George Alexander Muthoot, MD of Muthoot Finance spoke about the results and his outlook for the company.

Q3 to be flat; see 18% plus loan growth in Q4: Muthoot Finance

Speaking to CNBC-TV18, George Alexander Muthoot, MD of the company said the demonetisation has started fading with 65-70 percent business coming back on track for the company, Muthoot said adding that Q3 growth is expected to be flat.

Collections up as cash crunch pain reducing: Muthoot Fin

The pain of the demonetisation drive seems to be reducing, says George Alexander Muthoot, MD of Muthoot Finance. He expects no de-growth in this quarter and has a growth target of 18-20 percent as things get better.

Home loan book to be Rs 500 cr in two years: Muthoot Finance

The company had earlier guided for a 10-15 percent AUM (assets under management) growth in FY17. But Muthoot says that if the strong performance from the company continues, it may report better numbers.

Legacy A/cs minimal now; to maintain NIM at 11-12%: Muthoot

Legacy stressed book has been mostly cleared off and whatever is left is manageable, says George Alexander Muthoot, MD of Muthoot Finance.

Confident of maintaining margins at 9.39%: Muthoot Finance

Muthoot Finance is confident of maintaining margins at around 9.39 percent, says George Alexander Muthoot, MD of Muthoot. The company had reported around 9.6-9.7 percent net interest income (NII) in the year-ago period.

Need gold coins deposit for new scheme to succeed: Muthoot

George Alexander Muthoot, MD, Muthoot Finance says the present scheme of the government is not about deposit of jewelry, it is about converting it to gold bars and not many people will be interested in it as the making charge stands at anywhere between 25 percent and 30 percent.

Muthoot Finance Q3 profit falls 20.7% on lower NII

George Alexander Muthoot, Managing Director of the company, however, said profits should be driven by AUM (assets under management) going forward and NII should be consistent hereafter.

Fall in AUM impacted profitability: Muthoot Finance

The company's Q3 net profit stood at Rs 194.2 crore versus Rs 270 crore, on a year-on-year basis (Y-o-Y).

NIMs to be stale at 9.5%, asset quality to improve: Muthoot

In an interview to CNBC-TV18, George Alexander Muthoot, Managing Director at Muthoot Finance speaks about better business prospects going forward. He expects net interest margins (NIMs) to be stale at 9.5 percent, while asset quality will see improvement.

Growth in AUM has been a challenge: Muthoot Finance

India's largest gold loan company Muthoot Finance reported a net profit of Rs 268 crore for the quarter ended September 30, 2012 against Rs 246 crore in the same period last year. Its income from operations stood at Rs 1,299.5 crore versus Rs 1,284 crore (QoQ).

Expect asset growth to be muted in FY13: Muthoot Finance

George Alexander Muthoot, managing director of Muthoot Finance says, this year the asset growth may be little muted due to some regulatory overhangs. However, he says, the company would try its best to maintain the profitability.

Muthoot Finance to raise Rs 600-cr through debenture issue

The largest gold financier in the country Muthoot Finance today announced its plans to raise up to Rs 600 crore debt from public through a debenture issue, which will open for subscription on Thursday.

New norms good for health of NBFC sector: Muthoot Finance

George Alexander Muthoot, managing director, Muthoot Finance welcomed the recommendations made in the report. In an interview to CNBC-TV18, he said, "All NBFCs and big companies are inspected once in two years. Here after if it comes once in one year it is good for the industry."

Gold loan costs can be passed onto clientele: Muthoot Fin

Gold loan finance company, Muthoot Finance’s nonconvertible debenture (NCD) issue opened today. The company plans to raise Rs 1000 crore through the public issue of debentures, said managing director George Alexander Muthoot.

Muthoot Finance to diversify borrowings, launches NCDs

Gold loan provider, Muthoot Finance on Tuesday announced the launch of its maiden non-convertible debenture (NCD) issue to raise Rs 1,000 crore. It will open for subscription on August 23. The core size of the issue is Rs 500 crore with an option to retain oversubscription of additional Rs 500 crore.

Muthoot Finance Q1 net doubles, to cut loans from banks

Gold loan provider – Muthoot Finance’s first quarter net profit surged more than two-folds or 125% year-on-year to Rs 190 crore on the back of a robust loan book growth. The mortgage lender’s total gold loan book almost doubled to Rs 17,803 crore compared with Rs 9,040 crore a year ago.