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Indian consumers appear to show zero loss of appetite for cash despite Government’s numerous efforts to wean them away from currency notes and get them to transact digitally. Currency in circulation in India in the fortnight to July 5 was Rs 21.1 lakh crore, as against Rs 18.7 lakh crore in the same period last year, translating into growth of 13%. -Economic Times Finance Minister Nirmala Sitharaman today said Government has de-registered 4 lakh shell companies as the Lok Sabha approved a bill seeking to tighten CSR norms and ensuring stricter action for non- compliance of the Co law regulations. Piloting the Companies Amendment Bill 2019, the minister said companies not spending the mandatory 2% profit on Corporate Social Responsibility (CSR) activites for a total period of 4 years will be required to deposit the amount in a special account. -Economic Times RBI Governor Shaktikanta Das has expressed concerns over the impact of stressed trade negotiations and rising geopolitical tensions on global economy while backed the building up of forex reserves by emerging economies as safe-guard against global contagion. -Economic Times Punjab National Bank today reported a net profit of Rs 1,019 crore as compared to a net loss of Rs 940 crore recorded in the same quarter last fiscal. -Business Line The New Delhi-based agri services solutions firm Sohan Lal Commodity Management (P) Ltd said today that it entered into an agreement with SBI for collateral management and warehousing services. As part of the pact, SLCM will act as custodian of the commodities that SBI has taken as a security against loans, said a press statement. -Business Line The South Indian Bank has achieved a net profit of ₹73.26 crore in Q1 of FY19, against ₹23.04 crore during the corresponding period of the previous year. The bank’s operating profit has also grown to ₹317.63 crore from ₹269.64 crore. -Business Line The Mumbai bench of the NCLT, on Thursday, put a stay on its own order which had allowed the government’s plea to prosecute IL&FS’ erstwhile auditor, Deloitte. -Business Line Union Home Minister Amit Shah received a dividend cheque of Rs 15.26 crore from the representatives of the Repco Bank, a multi state cooperative finance and development bank controlled by the Home Ministry. The Repco Bank is a multi state cooperative society established in 1969 by the Central Government for rehabilitation of repatriates from Myanmar and Sri Lanka, an official statement said. -Economic Times Indian authorities are concerned that WhatsApp’s payment service might share user data with group companies Facebook & Instagram, compromising the security, privacy and non-commercial information of its subscribers. The Government has asked the NPCI to look into the matter and ensure that user data collected through payment services such as WhatsApp and Google Pay is not shared, top officials said. -Economic Times Muthoot Finance has halted gold loan processing and disbursal in several branches for about 3 days from Thursday. The NBFC did not respond to a query on the likely impact of the halt in gold loan disbursal on its business. It may be noted that the RBI had said earlier this week that it was seeing ‘signs of fragility’ and that it was constantly watching 50 NBFCs, including large ones. -Business Line USD/INR 68.89 SENSEX 37882.79 (+51.81) NIFTY50 11284.30(+32.15)
As on date Muthoot Forex Limited has 50 branches spread across India. The Company has also presence in the United States of America and The United Kingdom through its wholly owned subsidiary M/s Muthoot Global Transfers Pvt. Ltd. The company operates an extensive franchisee network as per Reserve Bank of India Guidelines through more than 2500 branches of Muthoot Finance Limited, thereby ... Muthoot Finance gets NEONS Out Of Home Awards 2020 Read More; Muthoot Finance has been honored with DHANAM BFSI Award 2020 Read More “Life Mein Aagey Badhiye” Marketing Campaign feat. Shri Amitabh Bachchan & Chennai Super Kings Bags Gold at Flame Awards Asia 2019 & BTVI’s National Awards for Marketing Excellence 2019 Respectively Read More “Muthoot Vishwaas Ki Tijori” Bags Silver at Do Forex Trading at Muthoot Finserve USA Inc. know More. Make Bill Payment through Muthoot Finserve USA Inc. know More. 0. Employees. 0. Branches. 0. Customers. 0. Experience. Why Choose Muthoot Group. Muthoot Group is a leading name in the world of non-Banking finance, dealing Gold Loan, Foreign Exchange and Money Transfer. We are humbled by the trust and confidence that people have shown in ... Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. Today, Muthoot Fincorp, our flagship company, is one of the largest NBFCs in India and we continue to work with the aim of providing timely credit to common man with Blue Soch. Hence, our forex currency exchange makes it easy to ... Muthoot Finance has been accoladed as India's No.1 most trusted financial services brand, according to the Brand Trust Report of 2016, 2017, 2018, and 2019 consecutively. We are also India’s largest gold financing company in terms of loan portfolio. We are a reputed ‘Systemically Important Non-deposit taking NBFC’. Muthoot Finance Ltd. in Ernakulam, Ernakulam offering Forex Exchange Services, Forex Service, Forex Trading, फॉरेक्स सर्विस, विदेशी मुद्रा सेवा. Get contact details, address, map on IndiaMART ID: 6117632630 ABOUT MUTHOOT FINANCE. Muthoot Finance Limited is an Indian financial corporation which functions as the largest gold financing company in the world.. The company has a history dating back to 1997 when it was first incorporated under the Companies Act. By 2009 the company had significantly expanded its portfolio with the addition of 620 new branches.
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