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Muthoot Pappachan Group launches Swarnavarsham Jewellery

May 10, 2013: Muthoot Pappachan Group Executive Director Shri. Thomas Muthoot Presents Swarnavarsham Jewellery by handing it over to Film Star Kunjakko Boban in the presence of Muthoot Exim - Precious Metals Chief Executive Officer Shri. Keyur Shah.

Speaking on the occasion, Mr. Thomas George Muthoot, Chairman of KNBFC said, "Over the years the NBFC Sector has not only grown in size, but also in terms of interconnectedness and systemic importance. Most of the NBFCs enjoy huge credit lines with the Banking system. Hence it is very essential that the NBFCs should function in a systematic and healthy manner contributing to the financial stability of the economy of our Country. Therefore, the need for adequate control over the NBFCs should not be overstated. NBFCs strictly abide by the rules prescribed by the Government and the RBI and we will continue doing our business in a fair manner" . During the meet Mr. Shreedhar Prasad, Director, Risk consulting at KPMG discussed about the Risks and governance challenges in the current NBFC landscape.

Speaking on the occasion, Mr. Thomas George Muthoot, Chairman of KNBFC said, "Over the years the NBFC Sector has not only grown in size, but also in terms of interconnectedness and systemic importance. Most of the NBFCs enjoy huge credit lines with the Banking system. Hence it is very essential that the NBFCs should function in a systematic and healthy manner contributing to the financial stability of the economy of our Country. Therefore, the need for adequate control over the NBFCs should not be overstated. NBFCs strictly abide by the rules prescribed by the Government and the RBI and we will continue doing our business in a fair manner” . During the meet Mr. Shreedhar Prasad, Director, Risk consulting at KPMG discussed about the Risks and governance challenges in the current NBFC landscape.