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Muthoot's loan book swells 32%; raises Rs 1,475 cr from liquidity measures

To meet the rising demand for loans, the Kerala-based firm is also tapping the just extended partial credit guarantee scheme (PCGS) to raise around Rs 600 crore more

Tamil Nadu has borrowed close to a massive Rs 40,000 crore in four-and-a-half months, compared to Rs 17,000 crore last year

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Muthoot Fincorp has received Rs 1,475 crore from public sector banks under the partial credit guarantee scheme 2.0 of the government and the Targeted Long Term Repo Operations (TLTRO) launched by the RBI, in the last four months

Press Trust of India Chennai

3 min read Last Updated : Aug 19 2020 | 12:02 PM IST

Gold loan player Muthoot Fincorp has raised Rs 1,475 crore under the partial credit guarantee scheme and RBI's special liquidity measures for NBFCs/HFCs in the past four months, which has helped push its loan disbursals by 32 per cent so far this fiscal, a top company official said.

To meet the rising demand for loans, the Kerala-based firm is also tapping the just extended partial credit guarantee scheme (PCGS) to raise around Rs 600 crore more, Thomas John Muthoot, chairman of the Muthoot Pappachan Group, told PTI on Tuesday.

Muthoot Fincorp has received Rs 1,475 crore from public sector banks

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