Sign up in seconds, it's free! This happened in 2008 and 2010 also. Facebook, Twitter, Instagram, YouTube and George Alexander Muthoot, Managing Director, Muthoot Finance, speaks about the Kochi-based company’s journey, and how it addresses the taboo around gold loans. George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. After some time, when they get some other opportunity, they lose interest. However, in the second quarter (Q2: July-September), the AUM rose by ₹5,739 crore to ₹46,234 crore as at September-end 2020. NBFCs that are not able to raise resources themselves enter into this arrangement with banks. Is the demand for gold loans outstripping the capacity of your branches to handle business? The guidance given last year for 15% growth still holds good but we expact to do much better, says George Alexander, MD, Muthoot Finance. 0 claps +0 The perfect occasion for a quiz on superstars. George M. George is the Managing Director of the Muthoot Leisure & Hospitality Division. Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ... Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ... Aequs Aerospace to create space for large-scale manufacture of toys at Koppal. Do you see this as a disadvantage? George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. Within India Outside India. Read more on. abbreviated text. George Alexander Muthoot is Joint Managing Director & Executive Director at Muthoot Finance Ltd. View George Alexander Muthoot’s professional profile on Relationship Science, … Not only banks but other NBFCs (non-banking finance companies) will also look into this (gold loan business) now. What trend have you seen in gold loans since the pandemic broke out? There are no executives at Muthoot Finance getting paid more. In the new normal, brands will need to re-create ‘peak moments’ that enhance shoppers’ affection. George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. What is your take on co-lending (with banks)? Excerpts from the interaction: Banks are snapping at your heels as the Reserve Bank of India has allowed them to give 90 per cent of the value of gold as loan (loan to value/LTV) but gold loan companies continue at 75 per cent LTV. In Kerala, the average business per branch is only ₹2 crore. Linkedin. Not every customer wants the maximum amount (of loan). Our staff go to big customers (their house) and bring the gold to the branch. George Alexander Muthoot is a Chartered Accountant who qualified with a first rank in Kerala and ranked 20th overall in India, in 1978. Copyright © 2020, THG PUBLISHING PVT LTD. WHO discussed fast-tracking of Covid-19 vaccine rollout in South-East Asia, Covid-19 vaccine: Australia stops trials after volunteers develop antibodies for HIV, Corporate credit will pick up; by March-end it will be a good number: Rajkiran Rai G, MD & CEO, UBI, BSNL’s telecom licence extended for 20 years, Tata Motors offers VRS to employees to cut costs, Oppo Enco W31: Wireless little wonders with good sound and features, SUV Magnite: A ‘make or break’ product for Nissan India, Vivo V20Pro: Five cameras and a beautiful sunset melody, Equitas Small Finance Bank FDs: Attractive short-term option, Digital trends: Meme marketing for more shares and likes, Say cheese, says the organised dairy sector. We will give the money. Wallmine is a radically better financial terminal. We have encouraged our customers to go online for transactions — 40 per cent of our customers do transactions (payment of interest, repayment of principal, top-up facility) online. What is the salary of Mr Muthoot? Kochi, 682 018 What is the salary of Mr Muthoot? Alexander George Muthoot Deputy Managing Director of Muthoot group, promoters India's largest gold loan company, Muthoot Finance Limited. The third in a series brings more photography smarts and a better processor but doesn’t quite outdo its ... You can take a cover for ₹1 crore at the age of 35-40 years for your peace of mind. George Alexander. Explore more on George Alexander Muthoot. George Alexander Muthoot Managing Director, The Muthoot Group. Please use a genuine email ID and provide your name, to George has 4 jobs listed on their profile. ‘Anyway the gold ornament is lying idle in your locker. He is the third generation of his family to be chairman of the Muthoot Group, and the former Lay Trustee of the Indian Orthodox Church. Actually, the pie (of gold loans) is increasing. Comments will be moderated by The Hindu Business Line With an MBA in international hospitality management from Cornell-ESSEC Business School (Paris), he brings to the forefront a strong combination of sales, marketing and management experience. Sensex opens flat, Nifty at 13,265; ONGC jumps 4% Views: 20 . The moment the gold is given to us, we transfer the money. George Alexander Muthoot Managing Director. Muthoot Finance Ltd. is a gold financing company. Financial Services Personal Loan Microfinance … George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. How do you compete with banks, which are offering gold loans at about 7.50 per cent? In an interaction with BusinessLine, Muthoot emphasised that banks will lose interest in this business as soon as they find some other lending opportunity. We are expanding our network in all other States except Kerala. George Alexander Muthoot, Managing Director, Muthoot Finance, talks about rejection of the proposal to acquire IDBI Mutual Fund, RBI’s working committee recommendations and gold loan demand among others during a candid chat with Swati Khandelwal, Zee Business. Now it is down to 550. There are also other factors such as convenience and turnaround time…Occasionally, banks become very aggressive. There are no executives at Muthoot Finance getting paid more. He has a Bachelor’s degree in Commerce from Kerala University where he was a rank holder and gold medalist. 1046 views. While medical staff at hospitals nurse India back to health, an army of delivery agents continues to bring ... It’s Shivaji Rao Gaekwad, or Rajinikanth’s, 70th birthday. Wallmine is a radically better financial terminal. Banks aggressively lending retail gold loans. India. Watch the full interview with George Alexander Muthoot, MD, Muthoot Finance on The Market here. George Alexander Muthoot (born September 16, 1955) is an Indian entrepreneur and businessman, he is currently the Managing Director of the Muthoot Group, a business conglomerate in … It is not merely the interest rate that a customer sees. What is the salary of Mr Muthoot? We may remove hyperlinks within comments. Demand (for loans) is there and funds are there. You have reached your weekly free article limit. Please write complete sentences. What is the salary of Mr Muthoot? In the past he held the position of President-Indian Subcontinent Club at Thunderbird School of Global Management. Co-lending generally happens when there is a dearth of funding. Please Subscribe to get access to one of our early bird packs. There are no executives at Muthoot Finance getting paid more. It is a deposit State. (example: u cannot substitute for you, d is not Find George Alexander Muthoot Latest News, Videos & Pictures on George Alexander Muthoot and see latest updates, news, information from NDTV.COM. Commenting on the development, George Alexander Muthoot, Managing Director, Muthoot Finance Ltd, said “In our 24th public issue of ncds, we wish to focus on retail and high networth individual investors and we have allocated 90% of the issue for this segment. Increase in LTV has further put banks in a sweet spot. George Alexander Muthoot, who suffered head injury has been admitted to a private hospital, police said. George Alexander Muthoot is Managing Director at Muthoot Finance Ltd. See George Alexander Muthoot's compensation, career history, education, & memberships. Plan a road trip, it is still the safest way to travel. We had branches in every nook and corner. What is the status of your branch expansion? So, they are not making as much profit as the other branches (in other States). gold loans. 2nd Floor, Banerji Road As the MD & Whole Time Director of Muthoot Finance, the total compensation of Mr Muthoot at Muthoot Finance is ₨133,229,000. For the whole year (FY21), our portfolio growth will definitely be higher than 15 per cent. Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device. Surge in Cash-for-Gold Lender Opens Path to MSCI India Gauge, Kerala Non-banking Finance Companies Welfare Assn, Secretary of Finance Companies Association, Chennai, Times of India group Business Excellence Award. Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others. We raised ₹2,000 crore via a non-convertible debenture (NCD) issue in the last week of October. In the first quarter, we were not able to add anything. This facility is for customers borrowing more than ₹2 lakh. From Wikipedia, the free encyclopedia Mathai George George Muthoot (born 2 November 1949) is an Indian entrepreneur and businessman. We had around 850 branches in the State about six year ago. As the MD & Whole Time Director of Muthoot Finance, the total compensation of Mr Muthoot at Muthoot Finance is ₨133,229,000. George Alexander Muthoot suffered a head injury and was taken to a private hospital, the police said. 03:08. Banks are not snatching our business. Experience cleaner site with zero ads and faster load times. Scroll below and check more detailed information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Sign up in seconds, it's free! Follow us on Telegram, . We are hand-holding customers for online transactions. Our branches, on an average, handle about ₹10 crore of gold loan business. Today, for the same gold, you can get 30-40 per cent more loan. The hospital is expected to release a medical bulletin on his condition shortly. Wallmine is a radically better financial terminal. There is no issue with transaction capacity at the branches. When the average business goes up, the operating expenditure comes down. Banks risk-averse towards unsecured loans. View George Alexander’s profile on LinkedIn, the world's largest professional community. George Alexander Muthoot estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let’s check, How Rich is George Alexander Muthoot in 2019-2020? A section of employees have been agitating against the Muthoot management over dismissal of 160 staff from the company's 43 branches across the state in December. Customize your preference and get a personalized recommendation of stories based on your interest. There are people who have taken short-term loans at very high interest; there are credit card roll-overs, and all those things. As the MD & Whole Time Director of Muthoot Finance, the total compensation of Mr Muthoot at Muthoot Finance is ₨154,180,000. Sometimes we ask our potential customers as to why they want to pay such a high interest rate. Mr. Muthoot received an MBA from Thunderbird School of Global Management. George Alexander Muthoot is registered with the Ministry of Corporate Affairs with a DIN (Director Identification Number) of 00016787, and is currently associated with 16 companies. A group of employees have been protesting against the Muthoot management over dismissal of … We have also started a ‘loan at home’ product. Muthoot Finance has reported strong growth in this quarter, and retained 15% loan growth guidance for FY21. Give it to us. After some time, financial intermediaries, which are not focused, will lose interest. Smaller customers would be comfortable bringing their gold to the branch. Every year, Delhi’s oldest burning ghat hosts thousands of gulls — in search of namkeen and respite from ... Brands, especially the young digital ones, are taking this route but not all can make it work. Long weekend coming up? Muthoot Chambers In the first half of FY21, the first quarter (Q1: April-June) was a washout (the assets under management declined by ₹277.5 crore during the quarter). muthoot finance. Covid-19 has triggered a consumer shift towards branded products as ... Avail Invitation Pricing Now Follow @EconomicTimes. George Alexander Muthoot, Managing Director of Muthoot Finance, is not too worried about banks suddenly turning aggressive in the ‘loans against jewellery’ business, which is bread and butter for his company. editorial team. As the MD & Whole Time Director of Muthoot Finance, the total compensation of Mr Muthoot at Muthoot Finance is ₨154,180,000. Comments that are abusive, personal, incendiary or You have clicked on a link which leaves THBL website, and you will be redirected to a third party website.THBL makes no representations nor has any supervision or control over the content, reliability or security of the third party website, nor shall THBL be liable for its use. And it has every reason to smile. The home-rental platform will be listing in the Nasdaq on December 10, but, a ‘surge-priced’ listing is likely ... Senior citizens looking for safe avenues can consider the one-year FD which offers 7.25%. To my knowledge, no bank is giving gold loans with 90 per cent LTV. There are no executives at Muthoot Finance getting paid more. Wallmine is a radically better financial terminal. George Alexander Muthoot, MD at Muthoot Finance, in his interaction to ET NOW mentioned that the guidance of 15% loan growth given in the previous quarter still holds good but at the same time was hopeful of a better growth than 15% by the end of the year. Age 62 Years Old old. Search . Will the second quarter AUM growth of 32 per cent year-on-year be sustainable? In fact, our branches can handle much more (business). Operationally, our branches are capable of handling more business.”. Following the attack, Alexander was admitted to the Medical Trust hospital in the city. There are no executives at Muthoot Finance getting paid more. Corporate Chairman's Message About us core value Board of Directors New Generation MD's Message In Memoriam CSK Group companies Group companies. Rise in gold prices aiding demand for retail gold loans. They have to come to the branch to deposit gold and take it back. We have got sufficient and more funding now. Or click on Free Trial to get 14 days free trial. irrelevant cannot be published. They may not be performing in restaurants, but are humming online. Why the stock of Muthoot Finance is a good buy. You can also download our Android App or IOS App. We are slowly bringing down the number of branches in Kerala, our home State. George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. RBI increased LTV on gold loans to 90% for banks. all capital letters, or in all lower case letters, or using See the complete profile on LinkedIn and discover George’s connections and jobs at similar companies. George Alexander Muthoot, managing director, Muthoot Finance, said: “In our 24th public issue of NCDs, we wish to focus on retail and high networth individual investors and … George Alexander Muthoot is a Indian Entrepreneur, who was born on in India. The rationalisation is only due to business considerations…The State has traditionally not been a lending state. md. They are actually getting newer and newer customers…It is the bigger ticket loans (customers wanting to take ₹5 lakh or ₹10 lakh loan) that are going to the bank. Link Intime India Private Limited is the Registrar to the Issue. Get Full Digital Access To The Hindu BusinessLine, The Hindu, Frontline, Sportstar, Crossword+, Epaper replica of The Hindu and The Hindu BusinessLine in ONE SINGLE DISCOUNTED PRICE! Paul George Global School, New Delhi Sanskara School, Kochi Walk-through Branch locator. George Alexander Muthoot is a chartered accountant who qualified with a first rank in Kerala and ranked 20th overall in India, in 1978. We usually add 150 to 200 branches every year. He has a bachelor degree in Commerce from KeralaUniversity where he was a rank holder and gold medalist. Offer closes soon. With the Kia Sonet, I take an ... For something that doesn’t cost much, these earbuds are smart, look cool and have some punch to them. 'the', n is not 'and'). George Alexander Muthoot Zodiac Sign is Virgo, Ethnicity Not Known & religion Not Available.. George Alexander Muthoot Net Worth 2018. Go and pay off this high-cost debt.’. Do not type comments in The Company provides personal and business loans secured by gold jewellery, or Gold Loans primarily to individuals who possess gold jewelry but can't access formal credit lines. Muthoot Finance Managing Director George Alexander was grievously injured Tuesday when an unidentified man hurled a big stone at the vehicle he was travelling in, in Kerala’s Kochi. Presently, George Alexander Muthoot holds the position of Managing Director & Director at The Muthoot Group, MD & Non-Independent Executive Director at Muthoot Finance Ltd. and President for Association of Gold Loan Cos. (India). Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Top stocks in focus: ONGC, Tata Power, NMDC & more … As the MD & Whole Time Director of Muthoot Finance, the total compensation of Mr Muthoot at Muthoot Finance is ₨133,229,000. What is the salary of Mr Muthoot? George Alexander Muthoot, Managing Director of Muthoot Finance, is not too worried about banks suddenly turning aggressive in the ‘loans against jewellery’ business, which is … George Alexander Muthoot, Managing Director of Muthoot Finance. avoid rejection. Related Videos; 02:53. Gold-loan NBFCs will see up to 18% growth in AUM in FY21. Alexander George Muthoot is Non-Independent Executive Director & Deputy MD at Muthoot Finance Ltd. and on the board of 15 other companies. Sign up in seconds, it's free! But we also try to be alert about what the competition is doing. Mobile device your name, to avoid rejection injury has been admitted to private! The Medical Trust hospital in the last week of October one of our early bird packs their to. 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