Muthoot Finance guides for 15% annual gold-loan growth, eyes branch expansion
Muthoot Finance expects rising gold-loan demand to support branch additions and has set conservative annual growth guidance of 15%, executive vice chairman George Alexander Muthoot said. The lender is also broadening cross-sell offerings across personal, housing and business loans.
Muthoot Finance expects gold-loan AUM growth and plans new branches as demand rises. Executive vice chairman George Alexander Muthoot cites conservative 15% guidance, a 68% LTV, RBI-driven repayment adjustments, and cross-selling of personal, housing and business loans.
Why this matters
The guidance reinforces Muthoot Finance's recent signal that it would maintain a 15% growth outlook while gold-loan demand supports branch expansion.
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