Muthoot Fincorp’s first BC outlet

The first ‘business correspondent’ outlet born out of the tie up between YES Bank and Muthoot Fincorp has opened at North Paravur near here. Thomas Muthoot, Executive Director of Muthoot Fincorp, said that initially the NBFC would roll out two YES Bank products — YES Leap and YES Money. Under Leap, financial services such as credit savings and insurance will be offered to self-help groups through Muthoot’s branches. YES Money is a domestic remittance service. Our Bureau