Why Does Muthoot Finance Want To Become A Bank?
  • Saba Ashraf
  • Jul 03 2013

Muthoot Finance MD George Alexander Muthoot says becoming a bank is a good fit for a non-banking finance company (NBFC) like Muthoot. “We have a good presence in rural markets and 50% of our branches are in Tier-II, III, IV and V towns. The rural population is very comfortable dealing with Muthoot, hence the application for a bank licence is a natural evolution,” he explains.