Is it safe to invest in Muthoot Finance?

Is it good to invest in Muthoot Finance?

The Muthoot Finance issue is risky since the company’s financial performance is particularly vulnerable to volatility in interest rates as well as of gold prices. The collateral against which the company offers loans may suffer erosion in value by the time principal amount is recovered.

Is Muthoot Finance safe for fixed deposit?

Muthoot Capital Services Ltd. is a registered Non-Banking Financial Company (NBFC) with a “Stable” long term CRISIL rating. … Muthoot Capital Fixed Deposit has a FA+ rating awarded by CRISIL with a “Stable” outlook. FA+ indicates “Adequate or Satisfactory Safety”.

Is Muthoot Finance approved by RBI?

MUMBAI : The Reserve Bank of India (RBI) has not cleared a proposal by Muthoot Finance Ltd to buy IDBI Asset Management Ltd and IDBI MF Trustee Company Ltd from by IDBI Bank Ltd and IDBI Capital Markets & Securities Ltd, the non-bank financier said on Tuesday.

Is Muthoot Finance profitable?

Muthoot Finance, which is the largest gold financing company in India in terms of the loan portfolio, recorded a 23 per cent rise in net profit for FY21 at Rs 3,722 crore against Rs 3,018 crore in the previous year. … The net interest income for Q4 stands at Rs 1,829.5 crore, a growth of 15.7 per cent on a YoY basis.

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Will Muthoot Finance share go up?

Will Muthoot Finance stock price grow / rise / go up? Yes. The Muthoot Finance Ltd stock price can go up from 1524.900 INR to 1943.400 INR in one year.

Why Muthoot Finance is going down?

Muthoot Finance share price declined as much as 6.57 per cent in opening deals to hit low of Rs 1,205 as investors reacted to sudden demise of MG George Muthoot, the chairman of the company.

What is the interest of 1 lakh in Muthoot Finance?

Lowest monthly EMI is ₹ 2,327 per lakh on Muthoot Fincorp Ltd. Bank personal loan as calculated using the lowest interest rate of 14.00% for the longest tenure of 60 months.

Which bank is best for fixed deposit?

Fixed Deposit Interest Rates

Bank name Tenure Interest rate (%) per annum
IDFC Bank 91 days to 180 days 6.75
Kotak Mahindra Bank 181 to 363 days 6.5
SBI 180 to 210 days 6.35
Axis Bank 6 months to 8 months 29 days 6.25

Which bank give more interest?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest rate
ICICI Bank 7 days to 10 years 4% to 7.25%
Punjab National Bank 7 days to 10 years 5.70% to 6.85%
HDFC Bank 7 days to 10 years 3.5% to 7.40%
Axis Bank 7 days to 10 years 3.5% to 7.25%

Is Muthoot finance a bank?

Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country.

Muthoot Finance.

Type Public
Operating income ₹7,433 crore (US$1.0 billion) (2020)
Net income ₹3,168 crore (US$440 million) (2020)
Total assets ₹54,881 crore (US$7.7 billion) (2020)
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What is the classification of Muthoot Finance Ltd by RBI?

In July 2016, Muthoot Finance acquired 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL). BIFPL was reclassified as an NBFC-MFI by RBI with effect from 11 December 2013. In 2016, credit rating agencies CRISIL and ICRA upgraded Muthoot Finances long-term debt rating.