Shares of gold financing companies, Muthoot Finance Ltd. and IIFL Finance Ltd., fell as much as 9% on Wednesday, April 9, after RBI Governor Sanjay Malhotra announced that the central bank will be releasing comprehensive guidelines on gold loans. “Loans against the collateral of gold jewellry and ornaments commonly known as gold loans are extended […]
Muthoot Finance raises AUM growth guidance to 40% for FY25 – CNBC TV18
Muthoot Finance has raised its asset under management (AUM) growth guidance for FY25 to 40%, significantly higher than its earlier projection of 25-30%. The company has already recorded 38% AUM growth and expects to close the year at 40%, George Alexander Muthoot, Managing Director of Muthoot Finance, said while speaking to CNBC-TV18. The gold loan […]