💨 Abstract

Muthoot Finance, India's largest gold-loan provider, reported a 33% increase in Q3 profit, reaching 13.63 billion rupees, surpassing analyst expectations. Strong loan demand and higher gold prices boosted profits. Gold loans were favored over unsecured lending due to increasing bad loans. Muthoot's loan assets under management were 974.87

Courtesy: theprint.in

Summarized by Einstein Beta 🤖