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Gold loans are no longer merely the last source of credit for the poor: Shaji Varghese, CEO, Muthoot FinCorp
Muthoot Fincorp is gearing up for a monumental ₹4,000 crore IPO, seeking to ignite its expansion plans and harness the momentum of its current growth trajectory. With an optimistic eye on the future, the company is poised to navigate market fluctuations and continue its upward path. The funds raised will be pivotal in propelling further innovations and initiatives.
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m.economictimes.com
George Alexander Muthoot sees no demand slowdown, expects strong gold loan momentum to continue
Muthoot Finance's gold loan growth remains robust, fueled by higher gold prices. The company observes a decline in smaller loans, with larger ones gaining traction. Despite…
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thehindubusinessline.com
Broker’s call: Muthoot Finance (Buy)
Consolidated AUM grew about 49% y-o-y, led by about 54% growth in gold loan AUM, while standalone PAT surged ~95% YoY
