Muthoot Capital aims to disburse Rs 752 crore auto loan in current financial year

07 May 2013 Evaluate

Muthoot Capital Services (MCSL), the auto loan arm of Muthoot Group is aiming to disburse Rs 752 crore in the current financial year. During 2012-2013, MCSL had disbursed loans to the tune of Rs 431 crore. The entity is also planning to enter into states like Madhya Pradesh, Punjab and Rajasthan in the current year.

Last year, it had started business in Gujarat and Maharashtra. Further, the company is planning to start offering loans to tractors and used cars, starting from Tamil Nadu in the current year. The entity has also inked pact with Mahindra and Escorts to offer tractor loans. The company will also offer facility to pledge gold ornaments against loans instead of vehicles.

Muthoot Capital Serv Share Price

335.25 -17.85 (-5.06%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6836.60
Shriram Finance 2871.75
Aditya Birla Capital 186.20
SBI Cards AndPayment 687.35
Mah & Mah Finl. Serv 266.40
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