Muthoot Microfin Receives e-KYC License for Seamless Customer Onboarding

3 min read Last Updated : 2025-03-06T08:53:03Z
Muthoot Microfin Receives e-KYC License for Seamless Customer Onboarding

Muthoot Microfin, a leading microfinance institution, has recently announced their achievement of receiving approval for conducting Aadhaar enabled e-KYC for customer onboarding. This milestone will enable a seamless and paperless onboarding experience for rural women, addressing key challenges faced by underserved communities such as limited access to financial services and time-consuming onboarding processes. With this initiative, Muthoot Microfin aims to foster economic self-sufficiency by providing easier access to financial products like microloans and insurance. The e-KYC implementation will cover all states where the institution operates, ensuring inclusivity and promoting financial inclusion in rural areas. This move is a significant step towards making financial services more accessible, secure, and efficient for rural communities.

Muthoot Microfin Ltd provides microfinance services, including small loans and financial support, primarily to underserved and low-income individuals.

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FAQs

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Muthoot Microfin Ltd
NSE: MUTHOOTMF BSE: 544055
  • What is the market cap of Muthoot Microfin Ltd?

    Muthoot Microfin Ltd has a market cap of 2266.52 crores

  • What is the pe ratio of Muthoot Microfin Ltd?

    Muthoot Microfin Ltd has a pe of 7.6

  • What is the profit growth of Muthoot Microfin Ltd?

    Muthoot Microfin Ltd has a profit growth of 299.52%

  • What is the roce of Muthoot Microfin Ltd?

    Muthoot Microfin Ltd has a roce of 14.97%

  • What is Muthoot Microfin Ltd's sales growth?

    Muthoot Microfin Ltd has a sales growth of 49.15%

  • What is the debt-equity ratio of Muthoot Microfin Ltd?

    Muthoot Microfin Ltd has a debt-equity ratio of 2.86