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

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