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Kochi: Muthoot FinCorp Ltd, the flagship company of the Muthoot Pappachan Group, on Thursday welcomed the Reserve Bank of India’s draft guidelines for licensing of payments and small banks.
“We see the RBI guidelines as a very positive move towards introducing basic banking facilities to the unbanked population in India,” Muthoot FinCorp chairman and managing director Thomas John Muthoot said.
With the company’s 3,831 branches across country, Muthoot FinCorp is already reaching out to customers from various segments, including the informal and unbanked, he said, adding that it has the requisite structure to offer banking service to customers.
“However, we are in the process of evaluating the impact of possible transformation into a bank and would arrive at a decision after a formal internal review,” Mr Muthoot said in a statement.
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: