Muthoot Finance, the flagship company of Muthoot Group has tied up with Global IME Bank to expand its money remittance services between Indo Nepal Corridor. Muthoot Finance is the only NBFC to extend the money transfer services from India to Nepal.
In FY16, Muthoot Finance had collaborated with Nepal based Prabhu Bank for money transfer business wherein the company completed 2.2 lakh transactions worth Rs 4.69 billion. With Global IME Bank, this is the company’s second tie-up in the region.
Source- The Hans India
Static/Current Takeaways Important for Exams-
- George Alexander Muthoot is the Managing Director Muthoot Finance.