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Muthoot Group
Source Name: Muthoot Group

Post Budget Views of Mr. George Alexander Muthoot, MD, Muthoot Finance

Feb 28, 2015   17:28 IST 
India

Quote of Mr. George Alexander Muthoot:

" Overall the budget has been good and has focused more on infrastructure, ,measures to increase GDP ratio, and a clear GST implementation approval which will certainly rejuvenate the industry. We welcome the announcement of Finance Minister on Gold Monetization . Gold loan NBFCs are already doing this Gold monetization through  Gold Loans it disburse based on Gold collaterals. It is also a good decision to print Gold Coins in India with Ashoka Emblem .This may reduce the craze for the imported gold coins and may also a become a symbol of patriotism

 

NBFC with an asset base of 500 crores or more will surely benefit from the decision to bring them under the SURFASI Act. This will help them to reduce their NPA, without going in for protracted litigations.”


 
 
Mr. George Alexander Muthoot, MD, Muthoot Finance
Mr. George Alexander Muthoot, MD, Muthoot Finance
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