मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Rate cut to trigger growth: Muthoot
The New Indian Express Kalaburagi
|January 06, 2025
KOCHI-BASED Muthoot Microfin is hopeful of better days ahead, even as the industry faces headwinds. The second largest micro lender expects the third interest rate reduction earlier last month to attract more customers and also improve collections.
The publicly listed company, with a loan book of ₹12,500 crore as of September 2024, lowered its lending rates for the third time this fiscal in December, by 25 bps to 23.05% for group loans and by 125 bps to 22.70% for third-party product loans.
This has crimped its margins to 13.24%. Earlier in January 2024, it had slashed the interest rate by 55 bps and then in July by 35 bps.
Sadaf Sayeed, chief executive of Muthoot Microfin, said that this steep rate reduction will crimp its margins but chose to pass on the benefits of cheaper funds to borrowers because with increased market borrowings our cost of funds has come down to 10.3% now.
यह कहानी The New Indian Express Kalaburagi के January 06, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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The New Indian Express Kalaburagi से और कहानियाँ
The New Indian Express Kalaburagi
Modi, Shah to attend 3-day DGP conference in C’garh
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1 mins
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The New Indian Express Kalaburagi
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1 min
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The New Indian Express Kalaburagi
Police raid madrassas, masjids amid concerns over unlawful activities
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1 min
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The New Indian Express Kalaburagi
ICC warns members of 30% reduction in revenue next cycle
MEDIA RIGHTS IN FOCUS
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3 mins
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The New Indian Express Kalaburagi
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1 min
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The New Indian Express Kalaburagi
India's wait to be a $5-tn economy could get longer
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1 mins
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The New Indian Express Kalaburagi
2-child norm, no-tax dues must for contesting civic body polls
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1 min
November 28, 2025
The New Indian Express Kalaburagi
Aadhaar for age check to watch online content
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1 min
November 28, 2025
The New Indian Express Kalaburagi
Civil servants vital for Viksit Bharat, must operate across sectors: Mishra
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1 min
November 28, 2025
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