NEW DELHI : Muthoot Fincrop will resume its operations in a limited manner by providing only money transfer services for its customers.
The company will be opening select branches across the country, only for money transfer services (MTSS), as per the directions issued by the Reserve Bank of India, it said in a release.
Money transfer services are predominantly availed by the person who is dependent on the money sent by their close relatives.
However, due to the lockdown, MTSS were affected, which has put people in great hardship. To resolve the issue, the RBI vide its communication dated April 13, 2020, has directed us to start providing MTSS services to the public, it said. "The economic impact of the lockdown necessitated because of the