BRANCH EXECUTIVE (PROBATION)
Branch Executive at Muthoottu Mini Financiers Ltd focusing on lending and business development. Responsibilities include door-to-door marketing, loan recovery, and maintaining gold security standards. The role requires a degree and active participation in promotional campaigns. It operates as an entry-level branch position within the company.
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Experience
Experience not specified
Function
Business Development
Work mode
Onsite, India
Company
Tier 2
What you will work on
Branch Executive at Muthoottu Mini Financiers Ltd focusing on lending and business development. Responsibilities include door-to-door marketing, loan recovery, and maintaining gold security standards. The role requires a degree and active participation in promotional campaigns. It operates as an entry-level branch position within the company.
TAL's take
Stable financial services role, but description is generic and focused on junior-level branch operations.
Clear expectations for branch-level business development and operational duties, though the role is highly standardized.
Must haves
- Degree mandatory
- Business growth and target achievement
- Daily door-to-door marketing activities
- Loan recovery initiatives
- Quality assessment of gold ornaments
About the company
Established financial services company with a strong regional presence in India.
Posts mentioning Muthoottu Mini Financiers Ltd
Google Partners with Muthoot Finance to Boost Credit Accessibility in India
- Google Pay partners with Muthoot Finance, India's largest gold-backed loans provider, to offer secured loans across India. - The move aims to expand credit accessibility in a market where traditional lending often falls short. - Gold holds unique significance in India, with about 1 billion people spending roughly ₹1 trillion annually on gold imports. - Google's initiative taps into the cultural and economic importance of gold, potentially opening new avenues for millions to access formal credit. - Google Pay is among the most popular payment apps in India, processing more than 37% of the 15 billion monthly transactions on UPI. Source: [Techcrunch](https://techcrunch.com/2024/10/03/google-taps-india-love-for-gold-to-boost-its-credit-play/)
Suggestion on corporate bonds
I am thinking of investing 10 lakhs in corporate bonds. I shortlisted a few bonds which are somewhat good in rating (greater than A). I don't want to risk my money. So, I am looking for a bond for a short duration which is less than 15 months. My shortlisted ones are Navi Finserv, Vivrithi capital, iifl samasta, Muthoot microfin. Please suggest the best one from this list and please share your personal experience with corporate bonds.
RBI's Crackdown on Gold Loan Practices Hits Lenders
- **RBI** has called for corrective measures in gold loan practices within three months. - **Muthoot Finance** fell 3.9% and **Manappuram Finance** declined 1.9% due to concerns over **ROAs**. - Issues include improper valuation, LTV breaches, and inadequate governance with fintechs. - **IIFL Finance** rose nearly 0.5%, while private banks ended flat or lower. - Analysts see this as a good entry point for Muthoot Finance despite regulatory concerns. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/gold-loan-companies-slip-as-rbi-orders-corrective-measures-for-lapses/articleshow/113867489.cms), [Business News India](https://www.businesstoday.in/personal-finance/news/story/rbi-demands-gold-loan-lenders-address-irregular-practices-within-3-months-448334-2024-10-02), [Mint](https://www.livemint.com/industry/banking/gold-loans-asset-class-fintechs-rbi-warning-11727784852546.html)