Covid-19: Businesses welcome RBI rate cut - Muthoot Fincorp
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Covid-19: Businesses welcome RBI rate cut

27-Mar-2020

Covid-19: Businesses welcome RBI rate cut

The Reserve Bank of India has announced a slew of measures to alleviate the effect of the novel Coronavirus on the economy. It reduced interest rates by 75 basis points (bps) to 4.40% with immediate effect, and continued its accommodative stance.Thomas John Muthoot, chairman and managing director, Muthoot Pappachan Group.

Various measures to nudge banks to lend and to inject liquidity into the system, will help in passing the benefit to potential borrowers; people with small businesses, self-employed and so on, are in a dire situation right now, with everything shut down.

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Beware of fraudulent job consultants

It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts.

Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process.

The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode.

Please contact us for further information about the genuineness or otherwise of such communications at:

Muthoot FinCorp Ltd.

MG Road, Near Spencer's, Trivandrum - 695 039

Phone: 0471 4911550 / 0471 4911430

Email: [email protected]

172.69.62.243