Muthoot Finance may enter white-label ATM biz

Dec 30, 2013, 11.01 AM IST

Speaking to CNBC-TV18 on the path ahead, George Alexander Muthoot, managing director, Muthoot Finance, says the white-ATM business segment will help the company gain access to those who are not their customers via gold loans.

Tags Muthoot Finance, white-label ATM, gold loans, AUM

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Muthoot Finance may enter white-label ATM biz

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In a bid to expand business, Muthoot Finance is now seriously considering foraying into the White-label ATM business, says George Alexander Muthoot, managing director, Muthoot Finance .

Speaking to CNBC-TV18 on the path ahead, Muthoot says this business segment will help the company gain access to those who are not their customers via gold loans.

White-label ATMs are automated teller machines that dispense cash, but unlike the conventional ATMs, are owned by non-banking companies.

On the plans for the future, Muthoot says the company has applied for housing finance that will cater to the rural and semi-rural masses.

Stay tuned for more.

Muthoot Finance stock price

On December 30, 2013, at 11:14 hrs Muthoot Finance was quoting at Rs 112.80, up Rs 2.80, or 2.55 percent. The 52-week high of the share was Rs 246.00 and the 52-week low was Rs 73.60.

The company's trailing 12-month (TTM) EPS was at Rs 24.08 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 4.68. The latest book value of the company is Rs 100.50 per share. At current value, the price-to-book value of the company is 1.12.

Olahraga Kecantikan