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Muthoot bets on gold loans to revive other struggling units
Mint Mumbai
|September 02, 2025
For Muthoot, gold loans offer wide margins and minimal credit costs and demand is likely to sustain
Gold has always been Muthoot Finance Ltd's crown jewel. But can it also rescue struggling businesses? Vehicle finance and microfinance arms, once seen as growth drivers, faltered after the pandemic, hit by weak recoveries and high delinquencies. Now, the non-banking financial company (NBFC) is leaning on its gold-loan expertise to steady those units. Over the past month, Muthoot has infused ₹700 crore into two subsidiaries-500 crore into Muthoot Money (vehicle loans) and ₹200 crore into Muthoot Homefin (affordable housing) as part of a broader strategy to stabilize operations and improve profitability.
Diese Geschichte stammt aus der September 02, 2025-Ausgabe von Mint Mumbai.
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