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We at Muthoot Pappachan Group with a set of NBFCs into various retail financial businesses focused on the common-man, would like to look at the Union Budget presented on Feb. 1st, 2020 in conjunction with the last budget in 2019 and various announcements & action inter alia, directly from the Union Govt and from the RBI. The push for Rural India, for Infrastructure development and the focus on MSME Sector, for instance, started from the last Budget itself. Thereon various measures were rolled-out in between for improving Liquidity from banks to NBFCs, for Real Estate, Corporate Tax, including unprecedented overall 135 bps cut, in five tranches during the year 2019.
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: