The company has transferred over Rs 300 crore of loan subsidy under Pradhan Mantri Awas Yojana s Credit Linked Subsidy Scheme from National Housing Bank (NHB), the release said.
The company has transferred over Rs 300 crore of loan subsidy under Pradhan Mantri Awas Yojana s Credit Linked Subsidy Scheme from National Housing Bank.
Muthoot Homefin (India) Ltd (MHIL), a wholly-owned subsidiary of Muthoot Finance, on Sunday said it plans to disburse Rs 700 crore of home loans in the 2021-22 fiscal. In the first nine months of 2020-21, the housing finance company disbursed Rs 85.6 crore as against Rs 356.4 crore in the same period of the previous fiscal. Currently, it has assets under management of Rs 1,800 crore, a company release said. The company s Managing Director George Alexander Muthoot said the company is aiming to disburse Rs 700 crore of home loans in FY2021-22. We are steadfastly progressing on taking the Housing for All initiative of the government to the farthest tier II and III locations in the country in order to support the affordable housing needs and aspirations of every Indian.
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MUMBAI: Gold loan financier Muthoot Finance Ltd (MFIN) on Tuesday reported a 22 per cent jump in standalone profit after tax at Rs 991.4 crore for the quarter ended December 2020.
The company had posted a profit of Rs 815.2 crore in the year-ago period.
On a consolidated basis, its profit after tax rose to Rs 1,006.7 crore from Rs 861 crore in the same quarter of the previous fiscal.
Total income grew 20 per cent to Rs 2,777 crore from Rs 2,321 crore earlier. The growth during the quarter was very good. Our standalone loan assets. has crossed the landmark of Rs 50,000 crore. Our active customers presently having a loan account also crossed the landmark of 50 lakh customers, the company s Managing Director George Alexander Muthoot said.