MUTHOOTFIN

Adds analyst comment in paragraphs 5-6

By Surbhi Misra and Vivek Kumar M

Feb 13 (Reuters) - Shares of India's Muthoot Finance MUTT.NS dropped more than 12% on Friday, heading for their steepest one-day percentage decline in three-and-a-half years, as investors raised concerns over the durability of a surge in third-quarter earnings.

The shares were down 12.3% at 3,566.50 rupees by 11:23 a.m. IST while India's benchmark Nifty 50 .NSEI was down 1.02%.

The gold loan provider posted a near doubling of its quarterly profit to 26.56 billion rupees ($292.88 million) on Thursday.

Gold financiers have benefited from record-high gold prices in recent quarters and tighter lending norms in unsecured retail loans, which have pushed borrowers towards gold-backed financing.

"Investors are questioning whether the strong performance in December quarter can sustain and it seems that it could be difficult," said Aamar Deo Singh, senior vice president at Angel One, adding that while the profit doubled, a significant portion of it came from interest income write-backs.

"Gold loan tonnage has dropped, while growth in customer addition has slowed due to high gold prices," Singh said.

Ambit Capital said that about 6.4 billion rupees of the earnings came from interest income recovered from non-performing loans, which it described as non-recurring.

After adjusting for this, the earnings were largely in line with estimates, the brokerage said, adding that current valuations "leave no margin of error."

Jefferies said the finance company's core net interest margins fell about 70 basis points sequentially, even as reported margins improved on recovery-related income.

Jefferies flagged a 1% sequential decline in active customers and lower loan-to-value ratios while CLSA noted a slowdown in customer additions and a sequential dip in gold tonnage.

Muthoot Finance's shares, rated "hold" on average by 21 analysts, have risen 6.7% so far in 2026 after a 78.4% jump last year.

($1 = 90.6850 Indian rupees)

(Reporting by Surbhi Misra, Vivek Kumar M and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)

((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))

Feb 12 (Reuters) - Indian gold loan financier Muthoot Finance MUTT.NS reported a surge in third-quarter profit on Thursday, driven by strong loan demand amid record-high gold prices.

The company's profit nearly doubled to 26.56 billion rupees ($293.14 million) for the quarter ended December 31, compared with 13.63 billion rupees a year earlier.

Gold prices XAU= touched multiple record highs in the October to December quarter. Higher prices benefit gold financiers as the value of pledged gold increases, enabling borrowers to secure larger loans against the same quantity of gold.

Additionally, tighter lending conditions in the unsecured loan segment have prompted more borrowers to turn to gold loans as an alternative source of funding.

Muthoot Finance's standalone loan assets under management rose 51% year-on-year to 1.48 trillion rupees at the end of the quarter.

Reflecting robust loan growth so far this fiscal year, the company in November raised its fiscal 2026 gold loan growth outlook to 30%–35%, up from 15% previously.

Interest income for the third quarter jumped about 63% to 71.14 billion rupees.

Asset quality also improved sequentially, with gross stage-three loans — or loans overdue by more than 90 days — declining to 1.58% of total loans at the end of December, from 2.25% three months earlier.

Shares of the company closed 3.4% higher ahead of the results.

($1 = 90.6050 Indian rupees)

(Reporting by Nishit Navin and Brijesh Patel in Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)

((Nishit.Navin@thomsonreuters.com;))

Feb 5 (Reuters) - Muthoot Finance Ltd MUTT.NS:

• MUTHOOT FINANCE - APPROVED ISSUANCE OF U.S. $ 600 MILLION 5.75 % SENIOR SECURED NOTES

Source text: ID:nBSE7LVqYx

Further company coverage: MUTT.NS

((Reuters.Briefs@thomsonreuters.com;))

Changes sourcing, adds company statement

By Dharamraj Dhutia

MUMBAI, Jan 30 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth $600 million for dollar-denominated bonds maturing in four years and six months, the country's largest gold finance company said in a notice to stock exchanges on Friday.

The company will offer a yield of 5.75% to investors, below the initial price guidance of 6.1250%, two merchant bankers said.

"The net proceeds from each issue of notes will be applied by the issuer for the purpose of onward lending and other activities as may be permitted by the ECB Guidelines," Muthoot Finance said in the notice.

Financial research firm CreditSights puts the fair value of the issuance at 5.75% and rates it "market perform", citing the company's strong fundamentals.

In August 2025, Muthoot Finance raised $600 million through a similar bond issue, and another $150 million via a reissue in October.

We expect a similar fact pattern for the current bond, as $750 million may be too large for the issuer to deploy in a quarter, and so a benchmark new issue can be expected in the following quarter, CreditSights said in a note.

The bonds are expected to be rated 'Ba1' by Moody's Investors Service and 'BB+' by S&P, in line with the issuer's ratings, the bankers said.

This is the third dollar-bond sale from India this year after EXIM Bank and an Indian unit of U.S.-listed ReNew Energy Global RNW.O raised an aggregate of $1.6 billion.

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

((Dharamraj.Dhutia@thomsonreuters.com;))

By Nishit Navin and Bharath Rajeswaran

Jan 12 (Reuters) - Indian banks are expected to post better annual and sequential earnings in the December quarter, supported by improving loan growth and stable asset quality, though pressure on deposit growth is likely to cap upside, brokerages said.

Analysts expect private sector banks to post average profit after tax growth of about 3.5%–5% year-on-year for October-December, higher than the 2% rise in the year-ago period. State-owned lenders are seen registering a more modest 2.5%–3% rise.

Credit momentum, the pace of loan growth, has strengthened in recent months on festive-season spending and Goods and Services Tax (GST) cuts, signalling a rebound in credit appetite in the world's fastest-growing major economy. Major lenders posted double-digit loan growth in the December quarter.

Net interest income (NII) is expected to improve sequentially as loan growth picks up.

"NII is likely to see a sequential uptick in the December quarter, driven by better loan growth," said Vishal Narnolia, assistant vice-president, research, at ICICI Securities.

Motilal Oswal estimates NII growth of around 6% year-on-year and 4% quarter-on-quarter in the third quarter.

Net interest margins (NIMs) are expected to remain flat, as the benefits of lower term deposit rates and recent cash reserve ratio (CRR) cuts offset the lagged impact of cumulative rate cuts.

The Reserve Bank of India has cut the repo rate by 125 basis points since February 2025. Asset quality is expected to remain stable, with easing stress in unsecured retail and microfinance portfolios, while provisions are expected to fall sequentially.

Among non-bank lenders, a recovery in demand across select segments and stable asset quality should underpin performance in the December quarter.

Gold financiers, such as Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS, are expected to post about 39% growth in assets under management on strong gold loan demand, while vehicle financiers should benefit from improved disbursement momentum amid pent-up demand, tax cuts and festive tailwinds.

By contrast, housing finance companies may report weaker disbursements due to intense competition from banks.

Outside lending, exchanges and brokers are expected to post robust revenue growth on a recovery in derivatives volumes and a rise in commodity trading activity.

Life insurers are also seen reporting strong earnings, supported by tax cuts that boost protection demand, and lower interest rates.

Looking ahead, Narnolia said the March quarter should benefit from deposit repricing and a pickup in unsecured retail segments such as microfinance and credit cards, though lending yields will remain under pressure after the RBI's latest rate cut.

(Reporting by Nishit Navin and Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)

((Nishit.Navin@thomsonreuters.com;))

MUMBAI, Nov 18 (Reuters) - India's Muthoot Finance MUTT.NS is planning to raise up to 17.5 billion rupees ($197.44 million), including a greenshoe option of 12 billion rupees, through the reissue of 7.88% November 2028 bond and 8.03% January 2031 bond, three bankers said on Tuesday.

It has invited coupon and commitment bids for the issue on Wednesday, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on November 18:

*Size includes base plus greenshoe for some issues

($1 = 88.6360 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra)

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

Rewrites throughout, adds analyst comment in paragraphs 4,5

Aug 14 (Reuters) - Shares of India's Muthoot Finance MUTT.NS jumped as much as 11.5% to hit an all-time high on Thursday after robust loan growth cemented investor confidence in the company's ability to sustain industry-leading growth.

Muthoot's shares looked set to gain the most since June 2020, and were last up at a record 2,760.80 rupees.

On Wednesday, it reported a bigger-than-expected 90% surge in first-quarter profit, aided by a 42% jump in loan assets under management as prices of the precious metal soared.

Jefferies analysts raised Muthoot's fiscal 2026 earnings per share estimates by nearly a fifth, citing stronger loan growth and lower credit costs.

Analysts at Nuvama said Muthoot's earnings were "substantially better than peers," adding that company is confident of maintaining growth.

Muthoot Finance shares were trading up 10.2% as of 9:54 a.m. IST and were the top percentage gainer on the Nifty Financial Services .NIFTYFIN index.

At least two analysts upgraded their rating on the "buy" rated stock, while 10 raised their price target, according to data compiled by LSEG.

The stock is up about 30% so far this year, outperforming rival IIFL Finance's IIFL.NS 9% rise, but trails Manappuram Finance's MNFL.NS 40% jump.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

BENGALURU, Aug 13 (Reuters) - Indian gold loan financier Muthoot Finance MUTT.NS reported a bigger-than-expected 90% surge in first-quarter profit on Wednesday, aided by higher loan demand as prices of the precious metal soared.

Muthoot Finance reported a profit of 20.46 billion rupees ($233.91 million) for the April-June quarter, above analysts' estimate of 16.24 billion rupees, per data compiled by LSEG.

Gold prices XAU= hit multiple record highs during the quarter. This benefits gold financiers as higher prices increase the collateral value, allowing borrowers to secure larger loans for the same amount of gold.

Additionally, tighter lending in the unsecured segment prompted people to shift to gold loans as an alternative source of funds, analysts said.

Muthoot Finance's standalone loan assets under management rose 42% year-on-year to 1.2 trillion rupees at the end of the quarter, and interest income jumped about 53% to 55.92 billion rupees.

"We are well-positioned to sustain strong growth through fiscal 2026 and beyond," Managing Director George Alexander Muthoot said in a statement.

The company also approved equity infusion of 5 billion rupees and 2 billion rupees in its units, Muthoot Money and Muthoot Homefin, respectively.

($1 = 87.4710 Indian rupees)

(Reporting by Nishit Navin; Editing by Janane Venkatraman)

((Nishit.Navin@thomsonreuters.com;))

MUMBAI, Aug 5 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 15 billion rupees ($171.6 million) for reissue of November 2027 bonds, three bankers said on Tuesday.

It will offer a yield of 7.85% to the investors of this issue and had invited bids earlier in the day, they said.

The company declined to comments on the matter.

Here is the list of deals reported so far on August 5:

*Size includes base plus greenshoe for some issues.

(Reporting by Dharamraj Dhutia and Khushi Malhotra)

((Dharamraj.dhutia@tr.com))

July 22 (Reuters) - Muthoot Finance Ltd MUTT.NS:

• MUTHOOT FINANCE LTD - GETS TAX DEMAND OF 5.4 MILLION RUPEES WITH INTEREST AND PENALTY

Source text: ID:nNSEMHDbs

Further company coverage: MUTT.NS

((Reuters.Briefs@thomsonreuters.com;;))

MUMBAI, June 25 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 8 billion rupees ($92.97 million) for bonds maturing in two years and five months, three bankers said on Wednesday.

The non-banking finance company will pay an annual coupon of 8.05% and had invited bids from bankers and investors earlier in the day, they said.

Muthoot Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 25:

*Size includes base plus greenshoe for some issues

($1 = 86.0480 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

((Dharamraj.dhutia@tr.com))

MUMBAI, June 24 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 10 billion rupees ($116.05 million), which includes 5 billion rupees of a greenshoe option, through sale of bonds maturing in two years and five months, three bankers said on Tuesday.

The non-banking finance company has invited bids from bankers and investors on Wednesday, they said.

Muthoot Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 24:

*Size includes base plus greenshoe for some issues

($1 = 86.1700 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

((Dharamraj.dhutia@tr.com))

MUMBAI, June 11 (Reuters) - India's Muthoot Finance MUTT.NS accepted bids worth 10.35 billion rupees ($121 million) for the reissue of 8.50% May 2028 and 8.20% April 2030 bonds, three bankers said on Wednesday.

The non-banking finance company had invited bids from bankers and investors on Tuesday, they said.

Muthoot Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on xx

*Size includes base plus greenshoe for some issues

($1 = 85.5500 Indian rupees)

(Reporting by Dharamraj Dhutia)

((Dharamraj.dhutia@tr.com))

MUMBAI, June 6 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 18 billion rupees ($210.2 million), including a greenshoe option of 15 billion rupees, through the reissue of 8.50% May 2028 and 8.20% April 2030 bonds, three bankers said on Friday.

The non-banking finance company will invite bids from bankers and investors on Tuesday, they said.

Muthoot Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 6:

*Size includes base plus greenshoe for some issues

($1 = 85.6370 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

((Dharamraj.dhutia@tr.com))

MUMBAI, May 30 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 15 billion rupees ($175.5 million), including a greenshoe option of 10 billion rupees, through the reissue of 8.20% April 2030 bonds, three bankers said on Friday.

The non-banking finance company has invited coupon and commitment bids from bankers and investors on Monday, they said.

Muthoot Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on May 30:

*Size includes base plus greenshoe for some issues

($1 = 85.4600 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

((Dharamraj.dhutia@tr.com))

MUMBAI, May 20 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 20 billion rupees ($234.18 million), including 10 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and three months, three bankers said on Tuesday.

The non-banking finance company has invited coupon and commitment bids from bankers and investors for the issue on Wednesday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on May 20:

*Size includes base plus greenshoe for some issues

($1 = 85.4050 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee
)

((Dharamraj.dhutia@tr.com; Khushi.malhotra@tr.com))

** Shares of Muthoot Finance MUTT.NS rise as much as 4.7% to 2,211 rupees before closing up 4.5%

** India's largest gold finance company declares interim dividend of 26 rupees ($0.31) per share

** More than 1.4 mln shares change hands, 1.4x their 30-day avg

** Avg rating of 20 analysts equivalent of "buy", median PT is 2,500 rupees - data compiled by LSEG

** Stock turns YTD positive

($1 = 85.0950 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))

MUMBAI, April 4 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 30 billion rupees ($351.8 million) for sale of bonds maturing in three years, as well as in three years and 49 days, three bankers said on Friday.

The non-banking finance company will pay an annual coupon of 8.52% on each issue and had invited bids from bankers and investors earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 4:

*Size includes base plus greenshoe for some issues

($1 = 85.2825 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

((Dharamraj.dhutia@tr.com))

MUMBAI, April 3 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 30 billion rupees ($350.21 million) through the sale of bonds maturing in three years, as well as in three years and 49 days, three bankers said on Thursday.

The non-banking finance company will pay an annual coupon of 8.52% on each issue and has invited bids from bankers and investors on Friday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 3:

* Size includes base plus greenshoe for some issues

($1 = 85.6630 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

((Dharamraj.dhutia@tr.com))

MUMBAI, March 20 (Reuters) - Muthoot Finance MUTT.NS, India's largest gold finance company, has accepted bids worth $250 million on the reissuance of its dollar-denominated bonds, two merchant bankers said on Thursday.

The firm will offer a yield of 6.6510% to the investors of the issue. Muthoot Finance received bids worth $740 million across investor categories as well as geographies.

In October, it raised $400 million through the sale of 6.3750% April 2029 bonds.

The proceeds from the reissue will be used for onward lending and other activities, the company said in a stock exchange filing on Wednesday.

It did not reply to a Reuters email seeking comment.

(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

((Dharamraj.dhutia@tr.com))

** Shares of Muthoot Finance MUTT.NS rise about 4% to a record high of 2,423.50 rupees apiece

** Gold loan financier raises its fiscal year 2025 AUM growth guidance to 40% from 25%-30% earlier

** On Friday, MUTT informed the exchanges that its gold loan AUM crossed 1 trillion rupees ($11.6 billion)

** S&P Global Rating says MUTT will maintain its earnings over the next 12 months, upgrades credit rating to 'BB+/B' from 'BB/B'

** Rising demand for gold loans in both rural and urban markets has improved the outlook and spurred the earnings upgrade, managing director Alexander George Muthoot tells CNBC-TV18

** MUTT up 12.4% YTD, outperforming the 3% rise in financials .NIFTYFIN and 11.7% fall in midcaps .NIFMDCP100

($1 = 86.5160 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

MUMBAI, March 17 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids for 9.50 billion rupees ($109.41 million) worth of bonds maturing in three years, three bankers said on Monday.

The non-banking finance company will pay an annual coupon of 8.60% on this issue and had invited bids from bankers and investors earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on March 17:

*Size includes base plus greenshoe for some issues

($1 = 86.8300 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Savio D'Souza)

((khushi.malhotra@tr.com))

March 14 (Reuters) - Muthoot Finance Ltd MUTT.NS:

• CROSSES 1 TRLN RUPEES GOLD LOAN AUM

Further company coverage: MUTT.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Muthoot Finance MUTT.NS falls 2.4% to 2,155.6 rupees; set to snap four-day winning streak

** CEO of co's unit, ex employee misappropriate 119.2 million rupees ($1.4 million) in gift cards from insurance cos meant for distribution to employees

** Says fraud has no financial impact on gold loans financier

** Projects notional rev loss of 312.8 mln rupees, representing estimated business that could have been generated had employees received the rewards

** Stock rated "buy" on avg, same as Shriram Finance SHMF.NS, while Manappuram Finance MNFL.NS rated "hold"; median PT on MUTT is 2,490.5 rupees, per data compiled by LSEG

** YTD, MUTT gains 2.9% vs SHMF, MNFL's 9%, 9.6% rise

($1 = 87.0300 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

** Shares of Muthoot Finance MUTT.NS rise 2.4% to 2235 rupees, set to snap three-straight days of losses

** Gold loans financier gets the Reserve Bank of India's permission to open 115 new branches

** Avg. analysts' rating on the stock is "Buy" vs "Hold" on peer Manappuram Finance MNFL.NS; median PT on MUTT is 2490.5 rupees - LSEG data

** Stock up 4% so far this year, after a 45% jump last year

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

Feb 26 (Reuters) - Muthoot Finance Ltd MUTT.NS:

• MUTHOOT FINANCE - RESERVE BANK OF INDIA GRANTED PERMISSION TO OPEN 115 NEW BRANCHES

Source text: ID:nBSE9mLQpQ

Further company coverage: MUTT.NS

((reuters.briefs@thomsonreuters.com;))

BENGALURU, Feb 13 (Reuters) - Indian gold loan financier Manappuram Finance MNFL.NS reported a third-quarter profit that missed analysts' estimates on Thursday, hurt by the stress in its microfinance business, including a quarter-long ban from issuing loans.

The company's consolidated net profit halved to 2.82 billion rupees ($32.5 million) in the quarter, missing analysts' average estimate of 4.59 billion rupees, as per data compiled by LSEG.

Indian lenders have seen rising default rates in microfinance loans, or collateral-free small loans to borrowers, following a period of aggressive lending in the segment.

Bad loans and provisions in Manappuram's microfinance unit surged four-fold to 4.73 billion rupees, accounting for a large chunk of total company-wide provisions of 5.55 billion rupees in the October to December quarter.

At the start of the period, the Reserve Bank of India (RBI) had barred the unit from sanctioning and disbursing loans due to "usurious" pricing and for charging a significant mark-up over funding costs. The RBI lifted the ban last month.

As a result, revenue in its microfinance business dropped around 5% to 6.65 billion rupees in the quarter.

However, revenue from Manappuram's gold loan portfolio, which contributes 75% of total revenue, rose 17%, aided by gold prices jumping to record highs.

Rising gold prices increase how much a customer can borrow against bullion, benefiting gold financiers in terms of loans issued.

The company's net interest income rose 5%.

While Manappuram missed analysts estimates, its larger rival Muthoot Finance MUTT.NS rode the increase in gold prices to report a bigger-than-expected quarterly profit on Wednesday.

($1 = 86.8680 Indian rupees)

(Reporting by Nishit Navin; Editing by Savio D'Souza)

((Nishit.Navin@thomsonreuters.com;))

Feb 12 (Reuters) - Muthoot Finance MUTT.NS, India's largest gold-loan provider, reported a bigger-than-expected third-quarter profit on Wednesday, aided by strong loan demand.

The company's quarterly profit rose 33% to 13.63 billion rupees ($156.9 million) in the quarter ended December 31.

Analysts, on average, had estimated a profit of 13.22 billion rupees, according to data compiled by LSEG.

Gold prices hit multiple record highs during the quarter. This benefits gold financiers as higher prices mean one can get a bigger loan for the same amount of gold.

Additionally, analysts said that as unsecured lending continued to slow due to rising bad loans, people began shifting towards gold loans as an alternative source of funds.

Muthoot's standalone loan assets under management were 974.87 billion rupees as of December 31, higher by 37% year-on-year.

The company's interest income rose 40% to 43.69 billion rupees.

Smaller rival Manappuram Finance MNFL.NS will report its third-quarter results on Thursday.

Shares of Muthoot Finance ended 0.2% lower ahead of the results.

($1 = 86.8925 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Savio D'souza and Mrigank Dhaniwala)

((Nishit.Navin@thomsonreuters.com;))

MUMBAI, Jan 30 (Reuters) - India's Muthoot Finance MUTT.NS accepts bids worth 17 billion rupees ($196.4 million) for bonds maturing in three years, three bankers said on Thursday.

The non-banking finance company will pay an annual coupon of 8.65% and had invited bids from bankers and investors earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Jan. 30:

*Size includes base plus greenshoe for some issues

($1 = 86.5770 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

((Dharamraj.dhutia@tr.com))