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.

Top Microfinance Institutions Stocks

Stock Name	MCap(Cr)	P/E Ratio	3Y Stock Ret.
Stock Name	MCap(Cr)	P/E Ratio	3Y Stock Ret.
Creditaccess Grameen Ltd NSE: CREDITACC	14,669	16.65	9.37%
Muthoot Microfin Ltd NSE: MUTHOOTMF	2,266	7.6	-
Spandana Sphoorty Financial Ltd NSE: SPANDANA	1,797	-	-10.99%
Satin Creditcare Network Ltd NSE: SATIN	1,612	5.51	18.19%
Fusion Finance Ltd NSE: FUSION	1,575	-	-