Views of Mr George Alexander Muthoot

Views of Mr. George Alexander Muthoot, MD,
Muthoot Finance - Monetary Policy

 Mr. George Alexander Muthoot, MD, Muthoot Finance - Monetary Policy

 Mr. George Alexander Muthoot, MD, Muthoot Finance.

 

“RBI’s status quo on rates was along expected lines but the MPC clearly delivered accommodative moves via non-interest tools. New measures such as on-tap TLTRO of Rs. 1 lakh crore among others will reduce the cost of borrowing for NBFCs and further ease access to liquidity for industry. 

Also, the announcement of rationalising risk weights for all new housing loans until March 31, 2022 and linking it only to LTV is a welcome move that reflects the central bank’s focus on catalysing credit flow and reviving the economy. The policy measures are expected to benefit even the underserved retail borrowers and SMEs which are integral to lifting economic activity.”

Muthoot Finance Ties-up with

Muthoot Finance Ties-up with Kotak General Insurance for Providing Complimentary COVID-19 Insurance to their Gold Loan Customers

Muthoot Finance Limited, India’s largest gold loan NBFC today announced that it has tied-up with Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) to provide complimentary Covid-19 insurance cover for their gold loan customers.

During these uncertain times, Muthoot Finance is extending double benefit to its customers – the Company is offering higher per gram lending rate for Gold Loan along with   complimentary Covid-19 cover up to Rs. 1, 00,000/ for its MSL Scheme gold loan customers. Muthoot Finance Ayush Gold Loan is an exclusive initiative of Muthoot Group through which they will provide complimentary Covid19 insurance cover to their eligible gold loan customers. This complimentary Covid19 cover however will be available only for the customers availing a gold loan from Muthoot Finance under the MSL Scheme.

George Alexander Muthoot, Managing Director, Muthoot Finance said, “Muthoot Finance as a company always believe in the philosophy of helping people and giving back to the society. As a part of our ongoing customer loyalty programme and social commitment, we are providing the customers insurance coverage with an objective to build confidence and help move ahead in life without any fear.”

Jagjeet Singh Siddhu, EVP & Head, Multi-channel distribution, Kotak Mahindra General Insurance Company Ltd said, "We are pleased to partner with a trusted brand like the Muthoot Group to offer an insurance product which is extremely relevant in these times."