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Muthoot-backed Belstar forays into gold loan business
Mint Kolkata
|April 18, 2025
Move likely to create a fresh income stream ahead of Belstar's IPO, deferred for 3-4 quarters amid sector stress
Muthoot Finance-controlled Belstar Microfinance Ltd is launching a gold loan business to diversify its book and reduce risk in the portfolio. The diversification will create a new income stream, helping the company ahead of its initial public offering (IPO).
"We are looking to diversify the portfolio of microfinance business up to the RBI permitted limit of 25% of the total AUM (assets under management)," said George Muthoot, managing director, Muthoot Finance.
Esta historia es de la edición April 18, 2025 de Mint Kolkata.
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