SBI Buys Muthoot Fincorp’s NCDs For Rs 200 Crore

Muthoot Fincorp’s non-convertible debentures (NCDs) were purchased by the State Bank of India for Rs 200 crore.

The flagship company of 136-year-old Muthoot Pappachan Group announced on Tuesday that the loan offer has a five-year maturity with interest payments made half-yearly.

However, it did not announce the issue’s price.

According to Shaji Varghese, CEO of the company, the proceeds from the NCD offering will be used for future lending, business operations, and additional expansion and growth plans.

Muthoot Fincorp has approximately 3,600 branches across the country and offers among other things, gold loans, small business loans, auto loans, home loans, and loans against property.

Also read: Ukraine Claims Russian Ships Suspected Of Transporting Drones Destroyed

Latest OTT Hits You Must Watch

Delhi Pollution: Symptoms, Cure & Precautions

Makeup Hacks Every Woman Should Know

Sri Lanka: The New Escape

8 Elegant Watches Every Woman Must Own In 2025

AI in Entertainment: How Technology Curates Your Favorite Content

Inside China: How It Stands Apart From The World

Remembering Dharmendra —The He-Man Of Indian Cinema

The Rarest Honey Varieties & Why They’re So Valuable

How To Spot A Fake Pashmina In 10 Seconds

The Most Expensive Spices & Why They Cost So Much

Dev Anand And The Myth Of The Black Outfit Ban

PM-KISAN 21st Instalment: Who Gets What?

World’s Hottest Chillies & Where They Grow

Adventure Sports Capitals You Didn’t Know

Most Colorful Cities In The World

Healthy Snacking Made Easy

6 Trendy Web Series Of 2025

TV Pilots That Were Too Strange To Air

Strange Animal Facts You Won’t Believe!