[ad_1] S&P Global Ratings has upgraded Muthoot Finance Limited‘s long-term issuer credit rating from ‘BB/B’ to ‘BB+/B’ with a ‘Stable’ outlook. The upgrade reflects S&P’s assessment that Muthoot Finance will maintain its “excellent capital and earnings” over the next 12 months, while benefiting from the strengthening regulatory environment, particularly for upper-layer fincos in India. “We […]
Muthoot Finance gets RBI nod to open 115 new branches – CNBC TV18
[ad_1] Muthoot Finance on Wednesday, February 26, informed the stock exchanges that it has received permission from the Reserve Bank of India to open 115 new branches. It is to inform the central bank of the details of the new branches. The RBI also advised Muthoot Finance to ensure suitable arrangements for security and for […]
Muthoot Finance Q2 results: Net profit rises 26%, net interest income 36% up – CNBC TV18
[ad_1] Muthoot Finance has reported a 26.3% increase in net profit for the second quarter of FY25, reaching ₹1,251.1 crore compared to ₹991 crore in the same period last year. Net interest income (NII) rose 35.5% to ₹2,518.1 crore from ₹1,858.4 crore year-over-year. The company’s total revenue from operations climbed to ₹4,117.4 crore during the […]
Muthoot Finance Q1 results: Net profit rises 11%, net interest income 22% up – CNBC TV18
[ad_1] Muthoot Finance has announced its financial results for the first quarter of FY24. The company’s net profit surged by 10.6% to ₹1,078.6 crore, compared to ₹975.1 crore in the same quarter last year. Additionally, the company reported a significant increase in net interest income (NII), which rose by 21.6% to ₹2,352.7 crore from ₹1,934.9 […]