Muthoot Fincorp

Airtel Payments Bank on Thursday said it has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app. There will be no-processing charge on the loan and Muthoot Finance will provide up to 75 per cent of the pledged gold value as a loan, the payments bank said. "Gold Loans are secured loans that can be availed to cater to a variety of needs, from personal to professional. We are delighted to partner with Muthoot Finance to offer easy access to Gold Loans through Airtel Thanks App," Airtel Payments Bank chief operating officer Ganesh Ananthanarayanan said in a statement. The loan facility will also be available at the 5 lakh banking points for Airtel Payments Bank, it added. "The partnership will give access to secured and affordable credit to customers looking for quick liquidity against their gold assets. We are happy to serve an extensive range of customers across various geographies and ticket sizes," Muthoot Finance joint managing director Alexander George .

The share price of Muthoot Fin has risen 31% over last year, but Manappuram underperformed with 9% return

Muthoot Fincorp is the flagship of the diversified Muthoot Pappachan Group

The Secured NCDs proposed to be issued under this Issue have been rated "AA" by CRISIL and "AA" by ICRA

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

NCDs are debt instruments that can't be converted into equity or stocks. If you are someone who wants to get a piece of this pie, you need to choose the right one for you

Presently, Muthoot Fincorp has over 3,600 branches in India, with seventy percent in southern markets

Loan assets of the group grow by 13% to Rs 40,390 crore during first half of FY20

Rating agency CRISIL has downgraded ratings for Muthoot Fincorp Ltd's (MFL) debt instruments and bank facilities to 'A-', from 'A'

Company aims to achieve gold loan disbursement of Rs 19,000 crore as against Rs 15,000 crore last year