George Alexander Muthoot sees no demand slowdown, expects strong gold loan momentum to continue
News Source : The Times of India
News Summary
- Muthoot Finance anticipates sustained growth, leveraging its extensive branch network and gold's appeal as collateral.
- On rising gold prices and the impact of higher customs duty, the company said the immediate effect has been an increase in collateral value rather than any demand disruption.
- The company observes a decline in smaller loans, with larger ones gaining traction.
- Despite structural shifts, strong demand persists, supported by tight unsecured lending conditions.
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