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Muthoot Finance chairman MG George passes away

Muthoot Finance chairman MG George passes away

Finance
MG George Muthoot, the chairman of which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family. The 71-year-old Muthoot was for long based in the National Capital even though his diversified group that runs over 20 businesses from gold loans to securities, realty estate to infrastructure, hospitals to hospitality and education, is headquartered in Kochi making it one of the largest business houses in the state. The company had not issued any statement till the filing of the story and its spokesperson could not be reached for confirmation. Mathai George George Muthoot was born in November 1949 in Kozhencherry in the present day Pathanamthitta district of Kerala as the son of M George Muthoot, who began the finan...
Muthoot Finance, Kotak Mahindra General Insurance tie up to offer COVID-19 cover

Muthoot Finance, Kotak Mahindra General Insurance tie up to offer COVID-19 cover

Finance
New Delhi: Muthoot Finance on Monday said it has tied up with Kotak Mahindra General Insurance to offer COVID-19 insurance cover of up to Rs 1 lakh against gold loan. Muthoot Finance Ayush Gold Loan is an exclusive initiative of Muthoot Group through which they will provide complimentary COVID-19 insurance cover to their eligible customers, it said in a release. This cover however will be available only for the customers availing gold loan under the Super Loan scheme, it added. "As a part of our ongoing customer loyalty programme and social commitment, we are providing the customers insurance coverage with an objective to build confidence and help move ahead in life without any fear," Muthoot Finance Managing Director George Alexander Muthoot said. Jagjeet Singh Siddhu, EVP & Head,...