Poging GOUD - Vrij
Rate cut to trigger growth: Muthoot
The New Indian Express Villupuram
|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.
Dit verhaal komt uit de January 06, 2025-editie van The New Indian Express Villupuram.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The New Indian Express Villupuram
The New Indian Express Villupuram
S’pore submits Zubeen’s autopsy, toxicology reports
THE Assam Police have received crucial postmortem and toxicology reports of music icon Zubeen Garg from Singapore authorities.
1 min
November 02, 2025
The New Indian Express Villupuram
Connect Before You Correct
Facts rarely change minds; warmth does. Connection disarms defensiveness, turning resistance into willingness to learn
4 mins
November 02, 2025
The New Indian Express Villupuram
EC ORDERS TRANSFER OF PATNA SP OVER MOKAMA VIOLENCE
THE Election Commission of India (ECI) on Saturday ordered the transfer of Patna Superintendent of Police (Rural) Vikram Sihag and disciplinary action against three other officials, two days after a violent clash between supporters of the JD(U) candidate Anant Singh and those of Jan Suraaj Party, including gangster-turned-politician Dular Chand Yadav in Mokama, leaving the latter dead.
1 min
November 02, 2025
The New Indian Express Villupuram
Share of women still low in global peace ops
A quarter century after the UN Security Council first linked gender equality to peace and security, women still make up less than one in ten soldiers and fewer than one in three civilian staff in multilateral peace operations.
2 mins
November 02, 2025
The New Indian Express Villupuram
A Dam Good Weekend
Punekars have a new getaway, and it's not Goa or Karjat, but quiet waters just outside the city
2 mins
November 02, 2025
The New Indian Express Villupuram
TRUMP’S ASIA BLITZ TARGETS INDIA
POWER & POLITICS
5 mins
November 02, 2025
The New Indian Express Villupuram
... Cong targets ‘corruption’ in civic bodies
GUJARAT Congress has launched a scathing attack on the BJP government, alleging massive corruption across municipalities.
1 min
November 02, 2025
The New Indian Express Villupuram
When the Forest Stares Back
A nocturnal trail in Sri Lanka's Sigiriya shows how humans can coexist with wildlife
2 mins
November 02, 2025
The New Indian Express Villupuram
Everyone Preaches Justice, No One Lives It
Everybody has their own version of hell.
2 mins
November 02, 2025
The New Indian Express Villupuram
30 countries to join major maritime info sharing workshop in Haryana
AMID the growing importance of global maritime security, Gurugram will next week host the world's leading maritime experts for the Maritime Information Sharing Workshop (MISW) 2025, the Indian Navy's flagship event organised by the Information Fusion Centre, Indian Ocean Region (IFC-IOR).
1 mins
November 02, 2025
Listen
Translate
Change font size