The publicly listed company, with a loan book of ₹12,500 crore as of September 2024, lowered its lending rates for the third time this fiscal in December, by 25 bps to 23.05% for group loans and by 125 bps to 22.70% for third-party product loans.
This has crimped its margins to 13.24%. Earlier in January 2024, it had slashed the interest rate by 55 bps and then in July by 35 bps.
Sadaf Sayeed, chief executive of Muthoot Microfin, said that this steep rate reduction will crimp its margins but chose to pass on the benefits of cheaper funds to borrowers because with increased market borrowings our cost of funds has come down to 10.3% now.
この記事は The Morning Standard の January 06, 2025 版に掲載されています。
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この記事は The Morning Standard の January 06, 2025 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
THE HEART OF THE HOME
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A MUGHAL IMPERIAL REPAST
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BFI Adopts New Weight Classes
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AFI's big push: De-centralisation of camps
New-look athletics body's one-of-a-kind policy set to encourage inclusivity & have wider pool of players to pick from
Malaysia Open: Prannoy, Sat-Chi Enter Round of 16
HS Prannoy's match, his first since the Paris Olympics, was halted by rain on Tuesday.
'Selective application undermines credibility of sports governance'
PT Usha and sports ministry are at loggerheads over the Indian Golf Union recognition.
