To act as Business Correspondent of the Bank
Muthoot Finance has entered into an agreement with Yes Bank, wherein it would act as the Business Correspondent of the Bank. Under this agreement, the Company will now offer services of the Bank to the public through its 4265 branches spread across the country.Muthoot Finance is going to be the first NBFC to be entering into the Business Correspondent segment after the Reserve Bank of India in June last year permitted Banks to appoints non deposit taking NBFCs as their Business Correspondent.
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