Muthoot Finance Appoints George Joseph As Independent Director

Muthoot Finance Ltd. has appointed George Joseph as a non-executive independent director for a three-year term starting June 1, the company said in an exchange filing on Thursday.

Joseph currently serves as chairman and lead independent director at Creditaccess Grameen Ltd., where he oversees governance and strategic initiatives.

Shareholders also approved a resolution to increase the board’s borrowing powers, the company added.