Muthoot enters housing finance

Kerala-based Muthoot Fincorp, the flagship company of the Muthoot Pappachan Group, on Tuesday announced its foray into housing finance after getting a licence from the National Housing Bank.

Kerala-based Muthoot Fincorp, the flagship company of the Muthoot Pappachan Group, on Tuesday announced its foray into housing finance after getting a licence from the National Housing Bank.

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The group will invest around Rs 100 crore over the next two years in this venture and will primarily target the low- and middle-income segment, and aims to disburse small-ticket loans.