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Muthoot Microfin files preliminary papers for ₹1,350- crore IPO

The company, part of the Muthoot Pappachan Group, had a gross loan portfolio of ₹9,208.29 crore at the end of March 31. Muthoot Microfin plans to raise up to ₹1,350 crore through an initial share sale and has filed draft papers with markets regulator SEBI. The Initial Public Offering (IPO) [...]
August 24, 2023

Unleashing the power of digital solutions: Enhancing Microfinance for all

Microfinance institutions should prepare for technological trends for enhancing security and streamline onboarding by adopting digital identity and biometric authentication, and should also invest in secure authentication systems to ensure compliance writes Linson Paul, Chief Technology Officer, Muthoot Microfin Limited, in an exclusive interaction with Srajan Agarwal of Elets News [...]
August 24, 2023

AI/ML helps rural MFIs to improve financial inclusion: Linson Paul, CTO Muthoot Microfin Ltd

The integration of AI and ML into rural microfinance operations has improved the bottom lines of MFIs. They have improved their efficiency, reduced their operational costs, and improved the quality of their loan portfolio, shares Linson Paul, Chief Technology Officer, Muthoot Microfin Ltd, with Srajan Agarwal of Elets News Network [...]
August 24, 2023

Digital India idea takes a new leap as Muthoot Microfin launches digital-first Suvidha Loan. Details here

The ease of doling out digital loans has reached a new high with Muthoot Microfin launching instant loans to empower customers with quick access to funds. Termed “Suvidha Loan”, it enables customers to obtain a loan amount ranging between ₹10,000 and ₹30,000 within a 30-minute timeframe following the loan application. [...]
June 7, 2023

Muthoot Microfin clocks ₹203 crore profit for FY23

Muthoot Microfin Limited, one of the leading microfinance companies, has reported a 155 per cent rise in profit to ₹203.31 crore for the financial year ended March 31. The company had posted a profit of ₹79.7 crore in the previous financial year. Muthoot Microfin has an asset under management of [...]
May 18, 2023
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