George Alexander Muthoot sees no demand slowdown, expects strong gold loan momentum to continue

Image for article 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.
  • Top Trending Stocks: SBI, Axis Bank, HDFC Bank, Infosys, Wipro, NTPC.

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