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           on the 140th birth anniversary of its Founder  Sir Sorabji Pochkhanawala       Central Bank of India celebrated 140th birth anniversary of its Founder Sir SorabjiPochkhanawala at its Mumbai Main Office the heritage building…

Comments on RBI Monetary Policy

Friday, 06 August 2021 19:42
Comment from George Alexander Muthoot, Managing Director at Muthoot Finance on RBI monetary policy.“We welcome RBI's unchanged view of acommodative stance, commitment to maintaining adequate liquidity in the system to fuel growth even as inflation has inched up and is…
    Consolidated Loan Assets Under Management increased by 25% YoY at Rs.58,135crsConsolidated Profit after Tax increased by 14% YoY at Rs.979crsStandalone Loan Assets Under Management increased by 27% YoY at Rs.52,614crsStandalone Profit after tax increased by 16% YoY at Rs.971crs…
 *          Central Bank of India's  Operating Profit increased from ₹ 4344 Crore to ₹4630 Crore(6.58%) during FY’21 over FY’20 and from ₹ 517 Crore to ₹ 688 Crore (33.08%) during Q4’ 21 over Q4’20 on Y-o-Y basis. *            Net NPA improved…
Muthoot Finance Ltd,  the largest gold financing company in India in terms of loan portfolio, registered an increase in net profit of 23%, at Rs.3,722crsforFY21 as against Rs. 3,018crs in the previous year. Loan Assets stood at Rs.52,622crsas at March…
Encourages financial inclusion, benefits MSMEs, small traders and retail customersMumbai : In line with RBI’s revised guideline Fino Payments Bank has increased the end of the day account balance limit to ₹2 lakh for its customers. The bank, which became…

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